Bullish Beijer Ref Insiders Loaded Up On kr15.7m Of Stock

Multiple insiders secured a larger position in Beijer Ref AB (publ) (STO:BEIJ B) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Beijer Ref Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the CEO & President, Christopher Norbye, for kr12m worth of shares, at about kr157 per share. So what is clear is that an insider saw fit to sell at around the current price of kr148. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Christopher Norbye was the only individual insider to sell over the last year. Notably Christopher Norbye was also the biggest buyer, having purchased kr16m worth of shares.

Over the last year, we can see that insiders have bought 100.59k shares worth kr16m. But they sold 74.00k shares for kr12m. In the last twelve months there was more buying than selling by Beijer Ref insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Beijer Ref

Beijer Ref is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Beijer Ref Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at Beijer Ref. CEO & President Christopher Norbye spent kr1.0m on stock, and there wasn't any selling. That shows some optimism about the company's future.

Does Beijer Ref 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. Beijer Ref insiders own 4.3% of the company, currently worth about kr3.2b based on the recent share price. 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 Do The Beijer Ref Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Beijer Ref. That's what I like to see! Of course, the future is what matters most. So if you are interested in Beijer Ref, you should check out this free report on analyst forecasts for the company.

But note: Beijer Ref may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.