Insiders who bought into Grieg Seafood ASA (OB:GSF) earlier this year might wish they'd invested more as stock gained 7.7%

By
Simply Wall St
Published
January 15, 2022
OB:GSF
Source: Shutterstock

Last week, Grieg Seafood ASA (OB:GSF) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 7.7% last week, resulting in a kr730m increase in the company's market worth. As a result, their original purchase of kr309k worth of stock is now worth kr376k.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Grieg Seafood

Grieg Seafood Insider Transactions Over The Last Year

There wasn't any very large single transaction over the last year, but we can still observe some trading.

Grieg Seafood insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
OB:GSF Insider Trading Volume January 15th 2022

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Grieg Seafood insiders own 0.9% of the company, worth about kr92m. 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 Grieg Seafood Tell Us?

The fact that there have been no Grieg Seafood insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Grieg Seafood and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Grieg Seafood. For example - Grieg Seafood has 1 warning sign we think 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, but not derivative transactions.

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