Chairman Panagiotis Tsinavos Just Bought A Handful Of Shares In Kri-Kri Milk Industry S.A. (ATH:KRI)

By
Simply Wall St
Published
May 14, 2022
ATSE:KRI
Source: Shutterstock

Even if it's not a huge purchase, we think it was good to see that Panagiotis Tsinavos, the Chairman of Kri-Kri Milk Industry S.A. (ATH:KRI) recently shelled out €64k to buy stock, at €6.39 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

View our latest analysis for Kri-Kri Milk Industry

Kri-Kri Milk Industry Insider Transactions Over The Last Year

Notably, that recent purchase by Chairman Panagiotis Tsinavos was not the only time they traded Kri-Kri Milk Industry shares this year. Earlier in the year, they sold shares at a price of€8.30 per share in a -€174k transaction. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of €6.46. So it may not shed much light on insider confidence at current levels.

Panagiotis Tsinavos purchased 103.00k shares over the year. The average price per share was €7.35. 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!

insider-trading-volume
ATSE:KRI Insider Trading Volume May 14th 2022

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

Does Kri-Kri Milk Industry Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Kri-Kri Milk Industry insiders own 64% of the company, currently worth about €137m 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.

So What Do The Kri-Kri Milk Industry Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Kri-Kri Milk Industry. One for the watchlist, at least! 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 assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Kri-Kri Milk Industry.

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, but not derivative transactions.

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