Anders Erkén Is The Executive VP & Division Manager of Truck & Trailer Equipment of VBG Group AB (publ) (STO:VBG B) And They Just Picked Up 74% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the VBG Group AB (publ) (STO:VBG B) Executive VP & Division Manager of Truck & Trailer Equipment, Anders Erkén, recently bought kr277k worth of stock, for kr176 per share. Even though that isn't a massive buy, it did increase their holding by 74%, which is arguably a good sign.

See our latest analysis for VBG Group

The Last 12 Months Of Insider Transactions At VBG Group

In fact, the recent purchase by Anders Erkén was the biggest purchase of VBG Group shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than kr168 (the recent price), an insider wanted to purchase shares. 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 always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Anders Erkén was the only individual insider to buy shares in the last twelve months.

Anders Erkén bought a total of 2.59k shares over the year at an average price of kr159. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

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. Our information indicates that VBG Group insiders own about kr1.6m worth of shares. But they may have an indirect interest through a corporate structure that we haven't picked up on. We might be missing something but that seems like very low insider ownership.

So What Does This Data Suggest About VBG Group Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that VBG Group insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for VBG Group.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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