Insider Spends kr3.9m Buying More Shares In SalMar

Potential SalMar ASA (OB:SALM) shareholders may wish to note that the Chief Operating Officer of Farming, Roger Bekken, recently bought kr3.9m worth of stock, paying kr486 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 49%.

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The Last 12 Months Of Insider Transactions At SalMar

Notably, that recent purchase by Roger Bekken is the biggest insider purchase of SalMar shares that we've seen in the last year. That implies that an insider found the current price of kr500 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for SalMar share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Roger Bekken.

All up, insiders sold more shares in SalMar than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for SalMar

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Does SalMar 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that SalMar insiders own 1.1% of the company, worth about kr745m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At SalMar Tell Us?

It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, SalMar insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for SalMar you should be aware of, and 2 of these are a bit unpleasant.

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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.