Independent Director of Nurminen Logistics Oyj Juha Nurminen Buys 5.9% More Shares

Investors who take an interest in Nurminen Logistics Oyj (HEL:NLG1V) should definitely note that the Independent Director, Juha Nurminen, recently paid €0.81 per share to buy €300k worth of the stock. Although the purchase only increased their holding by 5.9%, it is still a solid purchase in our view.

See our latest analysis for Nurminen Logistics Oyj

Nurminen Logistics Oyj Insider Transactions Over The Last Year

In fact, the recent purchase by Juha Nurminen was the biggest purchase of Nurminen Logistics Oyj 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 €0.82 per share to be enticing. 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. Juha Nurminen was the only individual insider to buy shares in the last twelve months.

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!

Nurminen Logistics 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.

Does Nurminen Logistics Oyj Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Nurminen Logistics Oyj insiders own about €9.6m worth of shares. That equates to 15% 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.

So What Do The Nurminen Logistics Oyj Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Nurminen Logistics Oyj insiders are expecting a bright future. While it's good to be aware of 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. Case in point: We've spotted 4 warning signs for Nurminen Logistics Oyj you should be aware of, and 1 of them shouldn't be ignored.

But note: Nurminen Logistics Oyj may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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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.