Westshore Terminals Investment Corporation (TSE:WTE) insiders' CA$850k purchase saw a boost of CA$62k after market cap rose CA$78m

Westshore Terminals Investment Corporation (TSE:WTE) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 5.1% resulting in a CA$78m addition to the company’s market value. As a result, the stock they originally bought for CA$850k is now worth CA$912k.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Westshore Terminals Investment

The Last 12 Months Of Insider Transactions At Westshore Terminals Investment

Notably, that recent purchase by James Pattison is the biggest insider purchase of Westshore Terminals Investment shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$25.76. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Westshore Terminals Investment share holders is that an insider was buying at near the current price. James Pattison was the only individual insider to buy during the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Westshore Terminals Investment Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Westshore Terminals Investment insiders own 33% of the company, worth about CA$538m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Westshore Terminals Investment Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Westshore Terminals Investment. One for the watchlist, at least! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Westshore Terminals Investment you should know about.

But note: Westshore Terminals Investment may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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, but not derivative transactions.

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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.

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