Insider Buying: The Serneke Group AB (publ) (STO:SRNKE B) Independent Director Just Bought kr289k Worth Of Shares

Whilst it may not be a huge deal, we thought it was good to see that the Serneke Group AB (publ) (STO:SRNKE B) Independent Director, Fredrik Alvarsson, recently bought kr289k worth of stock, for kr53.00 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

See our latest analysis for Serneke Group

Serneke Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider ROBIN GERUM bought kr943k worth of shares at a price of kr47.17 per share. We do like to see buying, but this purchase was made at well below the current price of kr60.90. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While Serneke Group insiders bought shares during the last year, they didn't sell. 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!

Serneke Group 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.

Insider Ownership of Serneke Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Serneke Group insiders own 9.5% of the company, worth about kr142m. 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 Do The Serneke Group Insider Transactions Indicate?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Serneke Group. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Serneke Group has 3 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

Of course Serneke Group 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. 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.
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