Stock Analysis

Independent Director of Scandinavian Tobacco Group Anders Obel Buys 137% More Shares

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Potential Scandinavian Tobacco Group A/S (CPH:STG) shareholders may wish to note that the Independent Director, Anders Obel, recently bought kr.1.2m worth of stock, paying kr.106 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 137%.

See our latest analysis for Scandinavian Tobacco Group

The Last 12 Months Of Insider Transactions At Scandinavian Tobacco Group

Notably, that recent purchase by Anders Obel is the biggest insider purchase of Scandinavian Tobacco Group shares that we've seen in the last year. That means that even when the share price was higher than kr.105 (the recent price), an insider wanted to purchase shares. 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 encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Anders Obel was the only individual insider to buy during the last year.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

CPSE:STG Insider Trading Volume September 8th 2023

Scandinavian Tobacco Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

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. We usually like to see fairly high levels of insider ownership. Insiders own 0.7% of Scandinavian Tobacco Group shares, worth about kr.64m, according to our data. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Scandinavian Tobacco Group Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Scandinavian Tobacco Group shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Scandinavian Tobacco Group. Every company has risks, and we've spotted 2 warning signs for Scandinavian Tobacco Group you should know about.

Of course Scandinavian Tobacco Group 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.