Kyriakos Sarantis Is The Vice Chairman & CEO of Gr. Sarantis S.A. (ATH:SAR) And Just Spent €118k On Shares

Potential Gr. Sarantis S.A. (ATH:SAR) shareholders may wish to note that the Vice Chairman & CEO, Kyriakos Sarantis, recently bought €118k worth of stock, paying €8.85 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Gr. Sarantis

Gr. Sarantis Insider Transactions Over The Last Year

In fact, the recent purchase by Vice Chairman & CEO Kyriakos Sarantis was not their only acquisition of Gr. Sarantis shares this year. Earlier in the year, they paid €8.15 per share in a €571k purchase. That means that an insider was happy to buy shares at around the current price of €9.02. 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.

Over the last year, we can see that insiders have bought 309.35k shares worth €1.3m. But insiders sold 20.00k shares worth €171k. Overall, Gr. Sarantis insiders were net buyers during the last year. They paid about €4.31 on average. To my mind it is good that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Gr. Sarantis is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

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. We usually like to see fairly high levels of insider ownership. Insiders own 7.3% of Gr. Sarantis shares, worth about €43m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Gr. Sarantis Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Gr. Sarantis insiders are well aligned, and that they may think the share price is too low. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Gr. Sarantis.

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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