Øystein Spetalen Is The Director of Saga Pure ASA (OB:SAGA) And They Just Picked Up 3.4% More Shares

Saga Pure ASA (OB:SAGA) shareholders (or potential shareholders) will be happy to see that the Director, Øystein Spetalen, recently bought a whopping kr10m worth of stock, at a price of kr1.60. While that only increased their holding size by 3.4%, it is still a big swing by our standards.

Check out our latest analysis for Saga Pure

The Last 12 Months Of Insider Transactions At Saga Pure

Notably, that recent purchase by Øystein Spetalen is the biggest insider purchase of Saga Pure shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is kr1.65. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Øystein Spetalen was the only individual insider to buy shares in the last twelve months.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Saga Pure

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Saga Pure insiders own about kr317m worth of shares (which is 56% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Saga Pure Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Saga Pure. Nice! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Saga Pure has 5 warning signs (1 is a bit unpleasant!) that deserve your attention before going any further with your analysis.

But note: Saga Pure may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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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. 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.
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