Executive Chairman of Hoist Finance Lars Wollung Buys 39% More Shares

Hoist Finance AB (publ) (STO:HOFI) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Lars Wollung, recently bought a whopping kr37m worth of stock, at a price of kr71.36. Not only is that a big swing, but it increased their holding size by 39%, which is definitely great to see.

Check out our latest analysis for Hoist Finance

The Last 12 Months Of Insider Transactions At Hoist Finance

In fact, the recent purchase by Lars Wollung was the biggest purchase of Hoist Finance shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is kr73.20. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Hoist Finance share holders is that an insider was buying at near the current price. Lars Wollung was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Does Hoist Finance 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 8.2% of Hoist Finance shares, worth about kr523m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Hoist Finance Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Hoist Finance. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hoist Finance. Every company has risks, and we've spotted 2 warning signs for Hoist Finance you should know about.

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 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.