Trade Alert: The Independent Chairman of the Board Of OXE Marine AB (publ) (STO:OXE), Anders Berg, Has Just Spent kr279k Buying 22% More Shares

Even if it's not a huge purchase, we think it was good to see that Anders Berg, the Independent Chairman of the Board of OXE Marine AB (publ) (STO:OXE) recently shelled out kr279k to buy stock, at kr2.43 per share. That purchase might not be huge but it did increase their holding by 22%.

View our latest analysis for OXE Marine

OXE Marine Insider Transactions Over The Last Year

Notably, that recent purchase by Anders Berg is the biggest insider purchase of OXE Marine 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 kr2.57. 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. Happily, the OXE Marine insiders decided to buy shares at close to current prices.

OXE Marine insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around kr1.93. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price of kr2.57. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

OXE Marine is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does OXE Marine 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that OXE Marine insiders own 40% of the company, worth about kr203m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The OXE Marine Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest OXE Marine insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OXE Marine. Every company has risks, and we've spotted 6 warning signs for OXE Marine you should know about.

But note: OXE Marine 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, but not derivative transactions.

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