Chairman of the Board of Tokmanni Group Oyj Seppo Saastamoinen Buys 119% More Shares

Tokmanni Group Oyj (HEL:TOKMAN) shareholders (or potential shareholders) will be happy to see that the Chairman of the Board, Seppo Saastamoinen, recently bought a whopping €1.9m worth of stock, at a price of €13.59. That increased their holding by a full 119%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

View our latest analysis for Tokmanni Group Oyj

Tokmanni Group Oyj Insider Transactions Over The Last Year

In fact, the recent purchase by Seppo Saastamoinen was the biggest purchase of Tokmanni Group Oyj shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is €13.80. Of course they may have changed their mind. But this suggests they are optimistic. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Seppo Saastamoinen was the only individual insider to buy shares in the last twelve months.

Seppo Saastamoinen bought 139.66k shares over the last 12 months at an average price of €13.59. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Tokmanni Group Oyj 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.

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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Tokmanni Group Oyj insiders own 1.7% of the company, worth about €13m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Tokmanni Group Oyj Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Tokmanni Group Oyj shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 3 warning signs we've spotted with Tokmanni Group Oyj (including 1 which makes us a bit uncomfortable).

Of course Tokmanni Group Oyj 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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