Independent Vice Chairman of the Board of Scandi Standard Paulo Gaspar Buys 3.6% More Shares

Potential Scandi Standard AB (publ) (STO:SCST) shareholders may wish to note that the Independent Vice Chairman of the Board, Paulo Gaspar, recently bought kr1.2m worth of stock, paying kr85.00 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.6%.

View our latest analysis for Scandi Standard

The Last 12 Months Of Insider Transactions At Scandi Standard

In the last twelve months, the biggest single purchase by an insider was when Independent Director Cecilia Lannebo bought kr10m worth of shares at a price of kr78.89 per share. That implies that an insider found the current price of kr85.10 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 Scandi Standard insiders decided to buy shares at close to current prices.

In the last twelve months insiders purchased 691.25k shares for kr50m. But they sold 19.09k shares for kr1.4m. Overall, Scandi Standard insiders were net buyers during the last year. 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!

Scandi Standard is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 15% of Scandi Standard shares, worth about kr827m. 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 Do The Scandi Standard Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Scandi Standard. One for the watchlist, at least! 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. Case in point: We've spotted 2 warning signs for Scandi Standard you should be aware of.

But note: Scandi Standard may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.