Whilst it may not be a huge deal, we thought it was good to see that the Høland og Setskog Sparebank (OB:HSPG) Chairman , Jarle Bergsjø, recently bought kr241k worth of stock, for kr110 per share. Even though that isn’t a massive buy, it did increase their holding by 364.5%, which is a arguably a good sign.
The Last 12 Months Of Insider Transactions At Høland og Setskogrebank
Notably, that recent purchase by Jarle Bergsjø is the biggest insider purchase of Høland og Setskogrebank shares that we’ve seen in the last year. That implies that an insider found the current price of kr114 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the Høland og Setskogrebank insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Jarle Bergsjø.
You can see the insider transactions (by 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!
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 24% of Høland og Setskogrebank shares, worth about kr19m. 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 Høland og Setskogrebank Tell Us?
It’s certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Høland og Setskogrebank insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Høland og Setskogrebank.
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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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.