Have Insiders Sold Hanza Shares Recently?

We wouldn't blame Hanza AB (publ) (STO:HANZA) shareholders if they were a little worried about the fact that Francesco Franze, the Independent Chairman recently netted about kr14m selling shares at an average price of kr107. However, that sale only accounted for 3.6% of their holding, so arguably it doesn't say much about their conviction.

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The Last 12 Months Of Insider Transactions At Hanza

Notably, that recent sale by Francesco Franze is the biggest insider sale of Hanza shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of kr111. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Happily, we note that in the last year insiders paid kr8.3m for 144.72k shares. But insiders sold 154.72k shares worth kr15m. Francesco Franze ditched 154.72k shares over the year. The average price per share was kr98.78. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Hanza

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Insider Ownership Of Hanza

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Hanza insiders own about kr1.8b worth of shares (which is 34% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Hanza Insiders?

Unfortunately, there has been more insider selling of Hanza stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Hanza makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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. Be aware that Hanza is showing 3 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...

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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.