Chairman of Gruvaktiebolaget Viscaria Picks Up 35% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Gruvaktiebolaget Viscaria (STO:VISC) Chairman, Per Colleen, recently bought kr1.1m worth of stock, for kr20.72 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 35%.

View our latest analysis for Gruvaktiebolaget Viscaria

The Last 12 Months Of Insider Transactions At Gruvaktiebolaget Viscaria

In fact, the recent purchase by Chairman Per Colleen was not their only acquisition of Gruvaktiebolaget Viscaria shares this year. They previously made an even bigger purchase of kr272m worth of shares at a price of kr21.20 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being kr21.10). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Notably Per Colleen was also the biggest seller.

In the last twelve months insiders purchased 12.88m shares for kr273m. On the other hand they divested 12.82m shares, for kr272m. Overall, Gruvaktiebolaget Viscaria insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Gruvaktiebolaget Viscaria is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Gruvaktiebolaget Viscaria Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Gruvaktiebolaget Viscaria insiders own 21% of the company, worth about kr476m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Gruvaktiebolaget Viscaria Tell Us?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Gruvaktiebolaget Viscaria. Nice! 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 4 warning signs for Gruvaktiebolaget Viscaria you should be aware of, and 2 of them are potentially serious.

But note: Gruvaktiebolaget Viscaria 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.