Johan Lannebo Bought 4.8% More Shares In Berner Industrier
Potential Berner Industrier AB (STO:BERNER B) shareholders may wish to note that the Independent Director, Johan Lannebo, recently bought kr2.2m worth of stock, paying kr72.57 for each share. Although the purchase only increased their holding by 4.8%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Berner Industrier
In fact, the recent purchase by Independent Director Johan Lannebo was not their only acquisition of Berner Industrier shares this year. They previously made an even bigger purchase of kr8.3m worth of shares at a price of kr83.44 per share. That means that even when the share price was higher than kr76.70 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders paid kr22m for 278.15k shares. But insiders sold 37.65k shares worth kr3.3m. In the last twelve months there was more buying than selling by Berner Industrier insiders. The chart below shows insider transactions (by companies and individuals) over the last year. 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 Berner Industrier
Berner Industrier is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Berner Industrier
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 21% of Berner Industrier shares, worth about kr310m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Berner Industrier Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Berner Industrier insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
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.