Nicke Rydgren Bought 100% More Shares In Hifab Group

Potential Hifab Group AB (publ) (STO:HIFA B) shareholders may wish to note that the Chief Executive Officer, Nicke Rydgren, recently bought kr2.0m worth of stock, paying kr2.84 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 100%, potentially signalling some real optimism.

See our latest analysis for Hifab Group

Hifab Group Insider Transactions Over The Last Year

Notably, that recent purchase by Nicke Rydgren is the biggest insider purchase of Hifab Group shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of kr3.00. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Hifab Group insiders decided to buy shares at close to current prices.

In the last twelve months insiders purchased 768.25k shares for kr2.1m. On the other hand they divested 858.87k shares, for kr2.3m. Petter Stillstrom divested 858.87k shares over the last 12 months at an average price of kr2.74. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

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 data indicates that Hifab Group insiders own about kr20m worth of shares (which is 11% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.

So What Do The Hifab Group Insider Transactions Indicate?

We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. Recent insider selling makes us a little nervous, in light of the broader picture of Hifab Group insider transactions. But it's good to see that insiders own shares in the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 2 warning signs for Hifab Group that deserve your attention before buying any shares.

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 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.