Insiders In Gaming Corps Left Out From 14% Price Rise After Disposing Stock

Despite a 14% gain in Gaming Corps AB (publ)'s (STO:GCOR) stock price this week, shareholders shouldn't let up. The fact that insiders chose to dispose of kr1.6m worth of stock in the past 12 months even though prices were relatively low could be indicative of some anticipated weakness.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Gaming Corps

Gaming Corps Insider Transactions Over The Last Year

The Chief Business Development Officer & Director, Bulent Balikci, made the biggest insider sale in the last 12 months. That single transaction was for kr1.3m worth of shares at a price of kr2.40 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (kr1.88). So it may not shed much light on insider confidence at current levels. Bulent Balikci was the only individual insider to sell over the last year.

Over the last year, we can see that insiders have bought 335.10k shares worth kr811k. On the other hand they divested 654.55k shares, for kr1.6m. Bulent Balikci sold a total of 654.55k shares over the year at an average price of kr2.38. 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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Gaming Corps

Many investors like to check how much of a company is owned by 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 14% of Gaming Corps shares, worth about kr16m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Gaming Corps Tell Us?

The fact that there have been no Gaming Corps insider transactions recently certainly doesn't bother us. Our analysis of Gaming Corps insider transactions leaves us cautious. But it's good to see that insiders own shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Gaming Corps has 4 warning signs (and 1 which is concerning) we think you should know about.

Of course Gaming Corps 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.