Insider Buying: The Scandi Standard AB (publ) (STO:SCST) Director Just Bought 12% More Shares

Investors who take an interest in Scandi Standard AB (publ) (STO:SCST) should definitely note that the Director, Oystein Engebretsen, recently paid kr65.66 per share to buy kr1.1m worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 12%.

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 sale by an insider was when the CEO, President & MD, Leif Hansen, sold kr3.6m worth of shares at a price of kr72.30 per share. So what is clear is that an insider saw fit to sell at around the current price of kr63.20. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Happily, we note that in the last year insiders paid kr1.7m for 26.25k shares. On the other hand they divested 74.43k shares, for kr5.1m. In total, Scandi Standard insiders sold more than they bought over 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!

I will like Scandi Standard better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Scandi Standard Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. 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 Scandi Standard insiders own 2.7% of the company, worth about kr114m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Scandi Standard Insiders?

The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. The high levels of insider ownership, and the recent buying by an insider suggests they are well aligned and optimistic. 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. Every company has risks, and we've spotted 1 warning sign for Scandi Standard you should know about.

Of course Scandi Standard 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, but not derivative transactions.

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