Director Björn Krasse Just Bought 2.1% More Shares In Premium Snacks Nordic AB (NGM:SNX)

By
Simply Wall St
Published
March 03, 2021
NGM:SNX
Source: Shutterstock

Even if it's not a huge purchase, we think it was good to see that Björn Krasse, the Director of Premium Snacks Nordic AB (NGM:SNX) recently shelled out kr225k to buy stock, at kr8.71 per share. Although the purchase is not a big one, increasing their shareholding by only 2.1%, it can be interpreted as a good sign.

View our latest analysis for Premium Snacks Nordic

The Last 12 Months Of Insider Transactions At Premium Snacks Nordic

In fact, the recent purchase by Björn Krasse was the biggest purchase of Premium Snacks Nordic shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of kr10.10 per share to be enticing. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Premium Snacks Nordic insider decided to buy shares at close to current prices. Björn Krasse was the only individual insider to buy during the last year.

Björn Krasse purchased 45.81k shares over the year. The average price per share was kr8.18. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NGM:SNX Insider Trading Volume March 4th 2021

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 of Premium Snacks Nordic

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Premium Snacks Nordic insiders own 31% of the company, worth about kr41m. 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 Premium Snacks Nordic Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Premium Snacks Nordic insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Premium Snacks Nordic. When we did our research, we found 3 warning signs for Premium Snacks Nordic (1 is significant!) that we believe deserve your full attention.

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, 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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