Trade Alert: The Chairman of Management Board & CEO Of Fugro N.V. (AMS:FUR), Mark Rembold Heine, Has Just Spent €123k Buying 13% More Shares
Potential Fugro N.V. (AMS:FUR) shareholders may wish to note that the Chairman of Management Board & CEO, Mark Rembold Heine, recently bought €123k worth of stock, paying €12.28 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 13%.
Check out our latest analysis for Fugro
Fugro Insider Transactions Over The Last Year
In fact, the recent purchase by Mark Rembold Heine was the biggest purchase of Fugro shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of €11.91. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Fugro insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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.
Insider Ownership Of Fugro
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Fugro insiders own 1.9% of the company, worth about €25m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Fugro Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Fugro insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 2 warning signs for Fugro (1 makes us a bit uncomfortable!) and we strongly recommend you look at them before investing.
Of course Fugro 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.
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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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