Investors who take an interest in Nordic Entertainment Group AB (publ) (STO:NENT B) should definitely note that the President & CEO, Anders Jensen, recently paid kr488 per share to buy kr1.0m worth of the stock. Although the purchase only increased their holding by 4.3%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Nordic Entertainment Group
In fact, the recent purchase by Anders Jensen was the biggest purchase of Nordic Entertainment Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of kr494. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
Nordic Entertainment Group insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around kr428. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Nordic Entertainment Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Nordic Entertainment Group Boast High 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. We usually like to see fairly high levels of insider ownership. Insiders own 0.2% of Nordic Entertainment Group shares, worth about kr65m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Nordic Entertainment Group Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Nordic Entertainment Group we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 4 warning signs for Nordic Entertainment Group and we suggest you have a look.
Of course Nordic Entertainment Group 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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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.
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