Chief Financial Officer Of Hafnia Sold 40% Of Their Shares

Some Hafnia Limited (OB:HAFNI) shareholders may be a little concerned to see that the Chief Financial Officer, Perry Van Echtelt, recently sold a substantial kr20m worth of stock at a price of kr80.73 per share. That's a big disposal, and it decreased their holding size by 40%, which is notable but not too bad.

Check out our latest analysis for Hafnia

Hafnia Insider Transactions Over The Last Year

Notably, that recent sale by Perry Van Echtelt is the biggest insider sale of Hafnia shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (kr83.20). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 40% of Perry Van Echtelt's holding.

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!

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Insider Ownership Of Hafnia

Many investors like to check how much of a company is owned by 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. Hafnia insiders own about kr261m worth of shares. That equates to 0.6% of the company. 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 Hafnia Tell Us?

An insider sold Hafnia shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hafnia. Our analysis shows 3 warning signs for Hafnia (1 shouldn't be ignored!) and we strongly recommend you look at these before investing.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.