Investors who take an interest in Samhällsbyggnadsbolaget i Norden AB (publ) (STO:SBB B) should definitely note that the Independent Director, Hans Runesten, recently paid kr22.69 per share to buy kr3.4m worth of the stock. Although the purchase only increased their holding by 0.3%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Samhällsbyggnadsbolaget i Norden
Over the last year, we can see that the biggest insider purchase was by Director Sven-Olof Johansson for kr6.7m worth of shares, at about kr21.00 per share. That implies that an insider found the current price of kr23.00 per share to be enticing. 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. Happily, the Samhällsbyggnadsbolaget i Norden insiders decided to buy shares at close to current prices.
While Samhällsbyggnadsbolaget i Norden insiders bought shares last year, they didn't sell. The average buy price was around kr18.75. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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 Samhällsbyggnadsbolaget i Norden Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Samhällsbyggnadsbolaget i Norden insiders own about kr7.4b worth of shares (which is 38% of the company). 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 Samhällsbyggnadsbolaget i Norden Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Samhällsbyggnadsbolaget i Norden insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Samhällsbyggnadsbolaget i Norden.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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