CEO & Member of Executive Board of SP Group Frank Gad Buys 2.1% More Shares

Investors who take an interest in SP Group A/S (CPH:SPG) should definitely note that the CEO & Member of Executive Board, Frank Gad, recently paid kr.220 per share to buy kr.879k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.1%.

See our latest analysis for SP Group

SP Group Insider Transactions Over The Last Year

In fact, the recent purchase by CEO & Member of Executive Board Frank Gad was not their only acquisition of SP Group shares this year. Earlier in the year, they paid kr.204 per share in a kr.5.3m purchase. We do like to see buying, but this purchase was made at well below the current price of kr.232. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While SP Group insiders bought shares during the last year, they didn't sell. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 4.3% of SP Group shares, worth about kr.122m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About SP Group Insiders?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about SP Group. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - SP Group has 1 warning sign we think you should be aware of.

Of course SP 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.