Independent Chairman of Viking Line Abp Jakob Johansson Buys More Stock

Even if it's not a huge purchase, we think it was good to see that Jakob Johansson, the Independent Chairman of Viking Line Abp (HEL:VIK1V) recently shelled out €51k to buy stock, at €19.88 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

Check out our latest analysis for Viking Line Abp

Viking Line Abp Insider Transactions Over The Last Year

The Independent Director Gert Sviberg made the biggest insider purchase in the last 12 months. That single transaction was for €121k worth of shares at a price of €20.20 each. So it's clear an insider wanted to buy, at around the current price, which is €20.30. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Viking Line Abp insiders decided to buy shares at close to current prices.

In the last twelve months Viking Line Abp insiders were buying shares, but not selling. 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!

Viking Line Abp is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Viking Line Abp Boast High 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. Viking Line Abp insiders own 35% of the company, currently worth about €122m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Viking Line Abp Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Viking Line Abp. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Viking Line Abp. While conducting our analysis, we found that Viking Line Abp has 3 warning signs and it would be unwise to ignore them.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.