Morrow Bank Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:KBN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
08 May 25	Buy€40,191	Birgit Anna-Karin Celsing	Individual	38,000	€1.06
10 Jan 25	Buy€4,449,051	Kvantia AS	Company	6,000,000	€0.74
10 Jan 25	Buy€131,401	Norda ASA	Company	178,435	€0.74
01 Nov 24	Buy€21,892	Henning Fagerbakke	Individual	40,000	€0.55
20 Aug 24	Buy€48,628	Theoline As	Company	100,000	€0.49
19 Aug 24	Buy€71,834	Eirik Holtedahl	Individual	150,000	€0.48
19 Aug 24	Buy€23,945	Oyvind Oanes	Individual	50,000	€0.48
16 Aug 24	Buy€16,600	Henning Fagerbakke	Individual	35,000	€0.47
16 Aug 24	Buy€23,756	Martin Valland	Individual	50,000	€0.48

Insider Trading Volume

Insider Buying: KBN insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of KBN?
Owner Type	Number of Shares	Ownership Percentage
Public Companies	5,996,482	2.59%
Individual Insiders	10,150,030	4.39%
Hedge Funds	19,715,552	8.53%
Institutions	35,994,872	15.6%
VC/PE Firms	47,787,000	20.7%
Private Companies	54,151,357	23.4%
General Public	57,409,044	24.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 73.85% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
20.7%	Kistefos A.S.	47,787,000	€51.2m	6.37%	15.38%
8.53%	Polygon Global Partners LLP	19,715,552	€21.1m	0%	5.59%
4.79%	Alfab I As	11,072,000	€11.9m	0%	no data
4.48%	Alfab Holding As	10,357,445	€11.1m	-6.45%	no data
3.94%	Kvantia AS	9,100,897	€9.8m	193%	37.4%
3.52%	BNY Asset Management	8,128,251	€8.7m	-54.8%	no data
3.37%	Sissener AS	7,800,000	€8.4m	0%	3.27%
3.25%	DNB Asset Management AS	7,504,491	€8.0m	-26.6%	0.03%
2.59%	Norda ASA	5,996,482	€6.4m	3.07%	no data
1.88%	AS Audley	4,345,750	€4.7m	0%	no data
1.82%	Om Holding AS	4,209,465	€4.5m	0%	no data
1.73%	Hans Eiendom AS	4,000,000	€4.3m	60%	no data
1.73%	Stiftelsen Kistefos-museets Driftsfond	4,000,000	€4.3m	0%	no data
1.61%	Directmarketing Invest As	3,715,043	€4.0m	0%	no data
1.56%	Melesio Capital AS	3,611,815	€3.9m	-21.6%	no data
1.27%	Hvaler Invest As	2,933,901	€3.1m	0%	no data
1.21%	CACEIS Investor Services Bank S.A.	2,790,000	€3.0m	0%	no data
1.14%	Eirik Holtedahl	2,642,107	€2.8m	0%	no data
1.1%	Obligasjon 2 As	2,539,660	€2.7m	0%	no data
0.99%	Kent Erik Osterlund	2,290,658	€2.5m	0%	no data
0.93%	Hjellegjerde Invest As	2,157,426	€2.3m	0%	no data
0.91%	Wilhelm Thomassen	2,108,455	€2.3m	0.02%	no data
0.32%	Bodil Hollingsaeter	740,394	€793.9k	811%	no data
0.29%	To & Bo As	659,117	€706.8k	0%	no data
0.24%	Henning Fagerbakke	546,847	€586.4k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/16 01:04
End of Day Share Price	2025/05/16 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Morrow Bank ASA is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jan Gjerland	ABG Sundal Collier
null null	ABG Sundal Collier
Ulrik Zürcher	Beringer Finance AB