Even if it’s not a huge purchase, we think it was good to see that Stig Røthe, the Chief Executive Officer of Voss Veksel- og Landmandsbank ASA (OB:VVL) recently shelled out kr251k to buy stock, at kr167 per share. That purchase might not be huge but it did increase their holding by 37.1%.
Voss Veksel- og Landmandsbank Insider Transactions Over The Last Year
Notably, that recent purchase by Stig Røthe is the biggest insider purchase of Voss Veksel- og Landmandsbank shares that we’ve seen in the last year. That means that an insider was happy to buy shares at above the current price of kr163. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months insiders purchased 5910 shares for kr893k. But they sold 8 for kr1.2k. In total, Voss Veksel- og Landmandsbank insiders bought more than they sold over the last year. You can see the insider transactions (by 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!
Insider Ownership of Voss Veksel- og Landmandsbank
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. Our information indicates that Voss Veksel- og Landmandsbank insiders own about kr2.6m worth of shares. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. This level of insider ownership is notably low, and not very encouraging.
So What Do The Voss Veksel- og Landmandsbank Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that Voss Veksel- og Landmandsbank insiders are reasonably well aligned, and optimistic for the future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Voss Veksel- og Landmandsbank.
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.
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 email@example.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.