Even if it's not a huge purchase, we think it was good to see that Charles Wilken, the Head of Investment Banking of Mangold Fondkommission AB (STO:MANG) recently shelled out kr469k to buy stock, at kr626 per share. However, we do note that it only increased their holding by 5.4%, and it wasn't a huge purchase by absolute value, either.
Mangold Fondkommission Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when CEO & MD Per-Anders Tammerlöv bought kr2.4m worth of shares at a price of kr630 per share. That means that an insider was happy to buy shares at around the current price of kr760. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices. We note that Per-Anders Tammerlöv was both the biggest buyer and the biggest seller.
Happily, we note that in the last year insiders paid kr4.9m for 7854 shares. But insiders sold 500 shares worth kr331k. Overall, Mangold Fondkommission insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Mangold Fondkommission
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Mangold Fondkommission insiders own 82% of the company, worth about kr283m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Mangold Fondkommission Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Mangold Fondkommission. Looks promising! I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
Of course Mangold Fondkommission 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, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.