Simen Lieungh Is The CEO & President of Odfjell Drilling Ltd. (OB:ODL) And They Just Sold 50% Of Their Shares

We wouldn't blame Odfjell Drilling Ltd. (OB:ODL) shareholders if they were a little worried about the fact that Simen Lieungh, the CEO & President recently netted about kr13m selling shares at an average price of kr27.00. That diminished their holding by a very significant 50%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for Odfjell Drilling

The Last 12 Months Of Insider Transactions At Odfjell Drilling

In fact, the recent sale by Simen Lieungh was the biggest sale of Odfjell Drilling shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of kr25.44. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership

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 data suggests Odfjell Drilling insiders own 0.2% of the company, worth about kr12m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.

So What Does This Data Suggest About Odfjell Drilling Insiders?

An insider sold Odfjell Drilling shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. But since Odfjell Drilling is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Odfjell Drilling.

But note: Odfjell Drilling 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.

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.

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. Thank you for reading.