The Chairman of the Board and Chief Executive Officer of World Point Terminals (NYSE: WPT) is Buying Shares

By George MacDonald

Today, the Chairman of the Board and Chief Executive Officer of World Point Terminals (NYSE: WPT), Paul Novelly, bought shares of WPT for $163k.

Over the last month, Paul Novelly has reported 17 Buy trades on WPT for a total of $2M. In addition to Paul Novelly, 8 other WPT executives reported Buy trades in the last month.

Based on World Point Terminals` latest earnings report from September 30, the company posted quarterly revenue of $22.49M and quarterly net profit of $6.99M. In comparison, last year the company earned revenue of $22.42M and had a net profit of $6.27M. The company has a one year high of $19.76 and a one year low of $11.79. WPT’s market cap is $475.5M and the company has a P/E ratio of 15.1%.

Looking at blogger coverage of WPT, there is a 100% Bearish tendency on the stock, in relation to a 71% average bullish tendency within the Materials sector.

In the last 30 days, insiders have sold $88.29k worth of WPT shares and purchased $2.21M worth of WPT shares. Over the last 3 months, the insider sentiment on World Point Terminals has been positive based on 53 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

World Point Terminals LP along with its partnership owns, operates, develops & acquires liquid bulk storage terminals & related assets for the storage of petroleum based products, including light refined products, heavy refined products and crude oil.