Gr. Sarantis Executive Chairman Acquires 1.9% More Stock

Investors who take an interest in Gr. Sarantis S.A. (ATH:SAR) should definitely note that the Executive Chairman, Kyriakos Sarantis, recently paid €11.30 per share to buy €340k worth of the stock. Although the purchase only increased their holding by 1.9%, it is still a solid purchase in our view.

See our latest analysis for Gr. Sarantis

Gr. Sarantis Insider Transactions Over The Last Year

In fact, the recent purchase by Executive Chairman Kyriakos Sarantis was not their only acquisition of Gr. Sarantis shares this year. Earlier in the year, they paid €10.88 per share in a €544k purchase. That means that an insider was happy to buy shares at around the current price of €11.70. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. The good news for Gr. Sarantis share holders is that insiders were buying at near the current price.

Happily, we note that in the last year insiders paid €1.7m for 152.71k shares. But insiders sold 1.90k shares worth €22k. Overall, Gr. Sarantis insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Gr. Sarantis 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.

Does Gr. Sarantis Boast High 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 5.6% of Gr. Sarantis shares, worth about €42m. 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 Gr. Sarantis Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Gr. Sarantis shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Gr. Sarantis 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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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.