Independent Director of Nurminen Logistics Oyj Picks Up 4.7% More Stock

Potential Nurminen Logistics Oyj (HEL:NLG1V) shareholders may wish to note that the Independent Director, Juha Nurminen, recently bought €300k worth of stock, paying €0.95 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.7%.

Check out our latest analysis for Nurminen Logistics Oyj

Nurminen Logistics Oyj Insider Transactions Over The Last Year

Notably, that recent purchase by Juha Nurminen is the biggest insider purchase of Nurminen Logistics Oyj shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is €0.99. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Nurminen Logistics Oyj insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Juha Nurminen.

Juha Nurminen bought 685.08k shares over the last 12 months at an average price of €0.88. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 15% of Nurminen Logistics Oyj shares, worth about €12m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Nurminen Logistics Oyj Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Nurminen Logistics Oyj shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Nurminen Logistics Oyj is showing 3 warning signs in our investment analysis, and 1 of those is concerning...

Of course Nurminen Logistics 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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