Whilst it may not be a huge deal, we thought it was good to see that the Ice Group ASA (OB:ICE) Director, Mari Thjømøe, recently bought kr132k worth of stock, for kr20.30 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 27%.
Ice Group Insider Transactions Over The Last Year
Notably, that recent purchase by Mari Thjømøe is the biggest insider purchase of Ice Group shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being kr20.00). 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. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Over the last year, we can see that insiders have bought 21.12k shares worth kr460k. But insiders sold 5500 shares worth kr127k. In the last twelve months there was more buying than selling by Ice Group insiders. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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 Ice Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Ice Group insiders own about kr278m worth of shares. That equates to 6.9% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Ice Group Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Ice Group insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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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