John Fredriksen Just Bought 442% More Shares In Euronav NV (EBR:EURN)

Euronav NV (EBR:EURN) shareholders (or potential shareholders) will be happy to see that insider John Fredriksen recently bought a whopping €146m worth of stock, at a price of €9.04. That increased their holding by a full 442%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

See our latest analysis for Euronav

The Last 12 Months Of Insider Transactions At Euronav

Notably, that recent purchase by John Fredriksen is the biggest insider purchase of Euronav shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is €9.35. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Euronav insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was John Fredriksen.

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!

Euronav is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Euronav

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Euronav insiders own 5.1% of the company, currently worth about €91m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Euronav Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Euronav 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 Euronav. For example - Euronav has 2 warning signs we think you should be aware of.

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.

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.

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