Westshore Terminals Investment Insiders Added CA$76.7m Of Stock To Their Holdings

Over the last year, a good number of insiders have significantly increased their holdings in Westshore Terminals Investment Corporation (TSE:WTE). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Westshore Terminals Investment

The Last 12 Months Of Insider Transactions At Westshore Terminals Investment

In the last twelve months, the biggest single purchase by an insider was when insider James Pattison bought CA$9.9m worth of shares at a price of CA$29.28 per share. That means that an insider was happy to buy shares at above the current price of CA$27.29. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months Westshore Terminals Investment insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Westshore Terminals Investment is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insiders At Westshore Terminals Investment Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at Westshore Terminals Investment. In total, insiders bought CA$14m worth of shares in that time, and we didn't record any sales whatsoever. This could be interpreted as suggesting a positive outlook.

Does Westshore Terminals Investment Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Westshore Terminals Investment insiders own about CA$803m worth of shares (which is 47% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Westshore Terminals Investment Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Westshore Terminals Investment. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Westshore Terminals Investment has 2 warning signs (and 1 which is concerning) we think you should know about.

Of course Westshore Terminals Investment may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.