Chairman of the Board of Tokmanni Group Oyj Seppo Saastamoinen Buys 39% More Shares

Those following along with Tokmanni Group Oyj (HEL:TOKMAN) will no doubt be intrigued by the recent purchase of shares by Seppo Saastamoinen, Chairman of the Board of the company, who spent a stonking €1.1m on stock at an average price of €10.88. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 39%.

See our latest analysis for Tokmanni Group Oyj

The Last 12 Months Of Insider Transactions At Tokmanni Group Oyj

In fact, the recent purchase by Chairman of the Board Seppo Saastamoinen was not their only acquisition of Tokmanni Group Oyj shares this year. They previously made an even bigger purchase of €1.9m worth of shares at a price of €13.65 per share. That means that even when the share price was higher than €11.11 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for 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. The only individual insider to buy over the last year was Seppo Saastamoinen.

Seppo Saastamoinen purchased 239.66k shares over the year. The average price per share was €12.46. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Tokmanni Group Oyj is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Tokmanni Group Oyj insiders own about €11m worth of shares. That equates to 1.7% of the company. 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. Given that insiders also own a fair bit of Tokmanni Group Oyj we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with Tokmanni Group Oyj (including 1 which is potentially serious).

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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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