Independent Deputy Chairman of the Board of Enad Global 7 Jason Epstein Buys 2.5% More Shares
Potential Enad Global 7 AB (publ) (STO:EG7) shareholders may wish to note that the Independent Deputy Chairman of the Board, Jason Epstein, recently bought kr4.8m worth of stock, paying kr18.09 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.5%.
Enad Global 7 Insider Transactions Over The Last Year
In fact, the recent purchase by Independent Deputy Chairman of the Board Jason Epstein was not their only acquisition of Enad Global 7 shares this year. They previously made an even bigger purchase of kr11m worth of shares at a price of kr15.98 per share. We do like to see buying, but this purchase was made at well below the current price of kr20.75. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Enad Global 7 insiders may have bought shares in the last year, but they didn't sell any. 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 Enad Global 7
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Does Enad Global 7 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Enad Global 7 insiders own about kr736m worth of shares (which is 40% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Enad Global 7 Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Enad Global 7. That's what I like to see! 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.
Of course Enad Global 7 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.