Per Colleen Bought 3,904% More Shares In Gruvaktiebolaget Viscaria

Gruvaktiebolaget Viscaria (STO:VISC) shareholders (or potential shareholders) will be happy to see that the Chairman, Per Colleen, recently bought a whopping kr150m worth of stock, at a price of kr19.00. That purchase boosted their holding by 3,904%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

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Gruvaktiebolaget Viscaria Insider Transactions Over The Last Year

In fact, the recent purchase by Per Colleen was the biggest purchase of Gruvaktiebolaget Viscaria shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than kr18.76 (the recent price), an insider wanted to purchase shares. 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.

Happily, we note that in the last year insiders paid kr151m for 7.95m shares. On the other hand they divested 5.73k shares, for kr135k. In the last twelve months there was more buying than selling by Gruvaktiebolaget Viscaria insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Gruvaktiebolaget Viscaria

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Gruvaktiebolaget Viscaria

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. Insiders own 29% of Gruvaktiebolaget Viscaria shares, worth about kr596m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Gruvaktiebolaget Viscaria Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Gruvaktiebolaget Viscaria insiders are well aligned, and quite possibly think the share price is too low. Nice! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Gruvaktiebolaget Viscaria has 1 warning sign and it would be unwise to ignore it.

Of course Gruvaktiebolaget Viscaria 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 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.