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Insiders Give Up kr372k As Nordisk Bergteknik Stock Drops To kr8.20
Insiders who acquired kr958.4k worth of Nordisk Bergteknik AB (publ)'s (STO:NORB B) stock at an average price of kr13.39 in the past 12 months may be dismayed by the recent 11% price decline. Insiders purchase with the hope of seeing their investments increase in value over time. However, due to recent losses, their initial investment is now only worth kr586.8k, which is not great.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Nordisk Bergteknik Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by IR & Communications Manager Niklas Alm for kr610k worth of shares, at about kr15.25 per share. That means that an insider was happy to buy shares at above the current price of kr8.20. Their view may have changed since then, but at least it shows they felt optimistic at the time. 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.
In the last twelve months Nordisk Bergteknik insiders were buying shares, but not selling. The average buy price was around kr13.39. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and 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!
Check out our latest analysis for Nordisk Bergteknik
Nordisk Bergteknik is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Nordisk Bergteknik Insiders Bought Stock Recently
We saw some Nordisk Bergteknik insider buying shares in the last three months. Insiders shelled out kr114k for shares in that time. It's great to see that insiders are only buying, not selling. However, in this case the amount invested recently is quite small.
Does Nordisk Bergteknik Boast High Insider Ownership?
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. Nordisk Bergteknik insiders own about kr82m worth of shares. That equates to 18% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Nordisk Bergteknik Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Nordisk Bergteknik shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Nordisk Bergteknik has 3 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.
But note: Nordisk Bergteknik may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 of direct interests only, but not derivative transactions or indirect interests.
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