Nordic Halibut's Frode Teigen Acquires 136% More Stock

Those following along with Nordic Halibut AS (OB:NOHAL) will no doubt be intrigued by the recent purchase of shares by insider Frode Teigen, who spent a stonking kr150m on stock at an average price of kr20.00. That purchase boosted their holding by 136%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

See our latest analysis for Nordic Halibut

The Last 12 Months Of Insider Transactions At Nordic Halibut

In fact, the recent purchase by Frode Teigen was the biggest purchase of Nordic Halibut shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of kr20.00 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. Frode Teigen 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!

Nordic Halibut 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 Nordic Halibut Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Nordic Halibut insiders own about kr443m worth of shares (which is 57% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Nordic Halibut Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Nordic Halibut. Nice! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Nordic Halibut.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.