This Scandic Hotels Group Insider Reduced Their Stake By 23%
From what we can see, insiders were net sellers in Scandic Hotels Group AB (publ)'s (STO:SHOT ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Scandic Hotels Group
Over the last year, we can see that the biggest insider sale was by the President & CEO, Jens Mathiesen, for kr8.4m worth of shares, at about kr88.91 per share. That means that an insider was selling shares at slightly below the current price (kr92.65). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 23% of Jens Mathiesen's holding. Jens Mathiesen was the only individual insider to sell over the last year.
Over the last year, we can see that insiders have bought 19.95k shares worth kr1.6m. But insiders sold 95.00k shares worth kr8.4m. 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!
View our latest analysis for Scandic Hotels Group
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Scandic Hotels Group Insiders Bought Stock Recently
Over the last quarter, Scandic Hotels Group insiders have spent a meaningful amount on shares. Overall, two insiders shelled out kr587k for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.9% of Scandic Hotels Group shares, worth about kr187m. 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 Scandic Hotels Group Insiders?
It's certainly positive to see the recent insider purchases. However, the longer term transactions are not so encouraging. The high levels of insider ownership, and the recent buying by some insiders suggests they are well aligned and optimistic. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Scandic Hotels Group.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.