Contracted CFO & Advisor to Board Of Himalaya Shipping Sold 100% Of Their Shares
We wouldn't blame Himalaya Shipping Ltd. (OB:HSHP) shareholders if they were a little worried about the fact that Vidar Hasund, the Contracted CFO & Advisor to Board recently netted about kr15m selling shares at an average price of kr149. Probably the most concerning element of the whole transaction is that the disposal amounted to 100% of their entire holding.
The Last 12 Months Of Insider Transactions At Himalaya Shipping
In the last twelve months, the biggest single sale by an insider was when the Chairperson, Bjorn Isaksen, sold kr19m worth of shares at a price of kr127 per share. That means that an insider was selling shares at slightly below the current price (kr157). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 33% of Bjorn Isaksen's holding.
All up, insiders sold more shares in Himalaya Shipping than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Himalaya Shipping
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Insider Ownership Of Himalaya Shipping
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. A high insider ownership often makes company leadership more mindful of shareholder interests. Himalaya Shipping insiders own 28% of the company, currently worth about kr2.1b based on the recent share price. 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 Himalaya Shipping Insiders?
An insider sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Himalaya Shipping is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Himalaya Shipping. To that end, you should learn about the 2 warning signs we've spotted with Himalaya Shipping (including 1 which is concerning).
Of course Himalaya Shipping 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 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.