Independent Director of Northern Oil and Gas Picks Up 43% More Stock

Those following along with Northern Oil and Gas, Inc. (NYSE:NOG) will no doubt be intrigued by the recent purchase of shares by Roy Easley, Independent Director of the company, who spent a stonking US$601k on stock at an average price of US$24.03. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 43%.

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Northern Oil and Gas Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Chairperson of the Board of Directors Bahram Akradi for US$1.1m worth of shares, at about US$28.03 per share. That means that even when the share price was higher than US$22.61 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Northern Oil and Gas insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Northern Oil and Gas

Northern Oil and Gas is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Northern Oil and Gas insiders own about US$66m worth of shares. That equates to 3.0% of the company. 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 Northern Oil and Gas Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Northern Oil and Gas we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Northern Oil and Gas. For example, Northern Oil and Gas has 4 warning signs (and 1 which is a bit concerning) we think you should know about.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.