Multiple insiders secured a larger position in Trecora Resources (NYSE:TREC) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Trecora Resources

The Last 12 Months Of Insider Transactions At Trecora Resources

In the last twelve months, the biggest single purchase by an insider was when insider Michael Torok bought US$4.2m worth of shares at a price of US$8.40 per share. So it's clear an insider wanted to buy, at around the current price, which is US$8.82. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months insiders purchased 1.24m shares for US$10m. But they sold 471.86k shares for US$3.9m. In the last twelve months there was more buying than selling by Trecora Resources insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Trecora Resources Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Trecora Resources. In total, insiders bought US$964k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.

Insider Ownership of Trecora Resources

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Trecora Resources insiders own about US$28m worth of shares. That equates to 14% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.