Trade Alert: The Director Of Sparebanken Vest (OB:SVEG), Magne Morken, Has Just Spent kr268k Buying Shares

Even if it’s not a huge purchase, we think it was good to see that Magne Morken, the Director of Sparebanken Vest (OB:SVEG) recently shelled out kr268k to buy stock, at kr53.62 per share. While that isn’t the hugest buy, it actually boosted their shareholding by 464.3%, which is good to see.

View our latest analysis for Sparebanken Vest

Sparebanken Vest Insider Transactions Over The Last Year

Notably, that recent purchase by Magne Morken is the biggest insider purchase of Sparebanken Vest shares that we’ve seen in the last year. That means that an insider was happy to buy shares at around the current price of kr55.20. Of course they may have changed their mind. But this suggests they are optimistic. 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 Sparebanken Vest insiders decided to buy shares at close to current prices.

Over the last year, we can see that insiders have bought 9350 shares worth kr500k. Sparebanken Vest insiders may have bought shares in the last year, but they didn’t sell any. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

OB:SVEG Recent Insider Trading, August 20th 2019
OB:SVEG Recent Insider Trading, August 20th 2019

Insider Ownership of Sparebanken Vest

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 6.3% of Sparebanken Vest shares, worth about kr209m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Sparebanken Vest Tell Us?

It’s certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Sparebanken Vest. That’s what I like to see! 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.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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 editorial-team@simplywallst.com. 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.