Chief Executive Officer of Seacrest Petroleo Bermuda Jose Cotello Buys More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Seacrest Petroleo Bermuda Limited (OB:SEAPT) Chief Executive Officer, Jose Cotello, recently bought kr1.0m worth of stock, for kr2.74 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

Check out our latest analysis for Seacrest Petroleo Bermuda

Seacrest Petroleo Bermuda Insider Transactions Over The Last Year

Notably, that recent purchase by Jose Cotello is the biggest insider purchase of Seacrest Petroleo Bermuda 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 kr2.70. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Jose Cotello 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Seacrest Petroleo Bermuda is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Seacrest Petroleo Bermuda Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own kr24m worth of Seacrest Petroleo Bermuda stock, about 2.3% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Seacrest Petroleo Bermuda Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Seacrest Petroleo Bermuda we think they are probably pretty confident of a bright future. While it's good to be aware of 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. For instance, we've identified 4 warning signs for Seacrest Petroleo Bermuda (1 is potentially serious) you should be aware of.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com