Chief Executive Officer of Duroc Picks Up 37% More Stock

Even if it's not a huge purchase, we think it was good to see that John Hager, the Chief Executive Officer of Duroc AB (publ) (STO:DURC B) recently shelled out kr63k to buy stock, at kr21.25 per share. That purchase might not be huge but it did increase their holding by 37%.

Check out our latest analysis for Duroc

Duroc Insider Transactions Over The Last Year

In fact, the recent purchase by John Hager was the biggest purchase of Duroc 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 kr21.50 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was John Hager.

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!

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

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. From looking at our data, insiders own kr24m worth of Duroc stock, about 2.8% of the company. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Duroc Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Duroc shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Duroc. Every company has risks, and we've spotted 4 warning signs for Duroc (of which 1 makes us a bit uncomfortable!) you should know about.

But note: Duroc 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, but not derivative transactions.

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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.