Neobo Fastigheter Chairman of the Board Acquires 29% More Stock

Even if it's not a huge purchase, we think it was good to see that Jan-Erik Hojvall, the Chairman of the Board of Neobo Fastigheter AB (publ) (STO:NEOBO) recently shelled out kr543k to buy stock, at kr23.04 per share. That purchase might not be huge but it did increase their holding by 29%.

View our latest analysis for Neobo Fastigheter

The Last 12 Months Of Insider Transactions At Neobo Fastigheter

Notably, that recent purchase by Jan-Erik Hojvall is the biggest insider purchase of Neobo Fastigheter shares that we've seen in the last year. That implies that an insider found the current price of kr23.96 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Neobo Fastigheter insiders decided to buy shares at close to current prices.

In the last twelve months Neobo Fastigheter insiders were buying shares, but not selling. The average buy price was around kr17.72. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Neobo Fastigheter

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Neobo Fastigheter insiders own about kr523m worth of shares. That equates to 15% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Neobo Fastigheter Insiders?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Neobo Fastigheter. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Neobo Fastigheter. For example - Neobo Fastigheter has 2 warning signs we think you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.