Hoist Finance Independent Director Christopher Rees Sells 54% Of Holding

Anyone interested in Hoist Finance AB (publ) (STO:HOFI) should probably be aware that the Independent Director, Christopher Rees, recently divested kr3.5m worth of shares in the company, at an average price of kr86.80 each. Equally important, that sale actually reduced their holding by a full 54% which hardly makes us feel bullish about the stock.

View our latest analysis for Hoist Finance

The Last 12 Months Of Insider Transactions At Hoist Finance

Over the last year, we can see that the biggest insider purchase was by Executive Chairman Lars Wollung for kr7.3m worth of shares, at about kr31.00 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of kr85.40. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

All up, insiders sold more shares in Hoist Finance than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of Hoist Finance

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Hoist Finance insiders own 7.5% of the company, worth about kr562m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Hoist Finance Insider Transactions Indicate?

An insider sold Hoist Finance shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Hoist Finance is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for Hoist Finance and we suggest you have a look.

Of course Hoist Finance 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 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.