Okeanis Eco Tankers Insiders Placed Bullish Bets Worth US$8.49m

Quite a few insiders have dramatically grown their holdings in Okeanis Eco Tankers Corp. (OB:OET) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for Okeanis Eco Tankers

Okeanis Eco Tankers Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Chief Executive Officer Aristidis Alafouzos for kr7.4m worth of shares, at about kr253 per share. We do like to see buying, but this purchase was made at well below the current price of kr358. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Okeanis Eco Tankers insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and 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!

Okeanis Eco Tankers is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Okeanis Eco Tankers Insiders Bought Stock Recently

It's good to see that Okeanis Eco Tankers insiders have made notable investments in the company's shares. We can see that Chief Financial Officer Iraklis Sbarounis paid kr676k for shares in the company. No-one sold. That shows some optimism about the company's future.

Insider Ownership Of Okeanis Eco Tankers

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Okeanis Eco Tankers insiders own 57% of the company, worth about kr6.5b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Okeanis Eco Tankers Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Okeanis Eco Tankers insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! 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. Case in point: We've spotted 2 warning signs for Okeanis Eco Tankers you should be aware of.

But note: Okeanis Eco Tankers 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 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.