Jan Rindbo Bought 6.6% More Shares In Dampskibsselskabet Norden

Potential Dampskibsselskabet Norden A/S (CPH:DNORD) shareholders may wish to note that the Chief Executive Officer, Jan Rindbo, recently bought kr.1.5m worth of stock, paying kr.276 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 6.6%.

Check out our latest analysis for Dampskibsselskabet Norden

Dampskibsselskabet Norden Insider Transactions Over The Last Year

In fact, the recent purchase by Jan Rindbo was the biggest purchase of Dampskibsselskabet Norden shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of kr.286 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for Dampskibsselskabet Norden share holders is that an insider was buying at near the current price. Jan Rindbo 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. By clicking on the graph below, you can see the precise details of each insider transaction!

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 0.5% of Dampskibsselskabet Norden shares, worth about kr.42m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Dampskibsselskabet Norden Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Dampskibsselskabet Norden 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 Dampskibsselskabet Norden. For example, Dampskibsselskabet Norden has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.

Of course Dampskibsselskabet Norden 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.