Trade Alert: The Independent Director Of Höegh Autoliners ASA (OB:HAUTO), Kjersti Aass, Has Just Spent US$288k Buying A Few More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Höegh Autoliners ASA (OB:HAUTO) Independent Director, Kjersti Aass, recently bought kr288k worth of stock, for kr64.00 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

View our latest analysis for Höegh Autoliners

The Last 12 Months Of Insider Transactions At Höegh Autoliners

In fact, the recent purchase by Kjersti Aass was the biggest purchase of Höegh Autoliners 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 kr66.00 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Kjersti Aass was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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 Of Höegh Autoliners

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. It appears that Höegh Autoliners insiders own 1.0% of the company, worth about kr122m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Höegh Autoliners Insiders?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Höegh Autoliners. 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. For example, Höegh Autoliners has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

Of course Höegh Autoliners may not be the best stock to buy. So you may wish to see this free collection of high quality 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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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.