Trade Alert: The Chairman of the Board Of Hybricon Bus System AB (publ) (NGM:HYCO), Martin Rogersson, Has Just Spent kr101k Buying 2.5% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Hybricon Bus System AB (publ) (NGM:HYCO) Chairman of the Board, Martin Rogersson, recently bought kr101k worth of stock, for kr3.60 per share. However, it only increased their shares held by 2.5%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Hybricon Bus System

Hybricon Bus System Insider Transactions Over The Last Year

Notably, that recent purchase by Martin Rogersson is the biggest insider purchase of Hybricon Bus System shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is kr4.10. Of course they may have changed their mind. But this suggests they are optimistic. 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. The only individual insider to buy over the last year was Martin Rogersson.

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!

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).

Does Hybricon Bus System Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Hybricon Bus System insiders own about kr5.6m worth of shares. That equates to 27% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Hybricon Bus System 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. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Hybricon Bus System shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 4 warning signs for Hybricon Bus System (2 can't be ignored) you should be aware of.

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, but not derivative transactions.

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