Yahoo Finance Insider Buying: The OXE Marine AB (publ) (STO:OXE) Chief Executive Officer Just Bought 37% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the OXE Marine AB (publ) (STO:OXE) Chief Executive Officer, Myron Mahendra, recently bought kr122k worth of stock, for kr0.97 per share. That purchase might not be huge but it did increase their holding by 37%.
Check out our latest analysis for OXE Marine
The Last 12 Months Of Insider Transactions At OXE Marine
Notably, that recent purchase by Myron Mahendra is the biggest insider purchase of OXE Marine shares that we've seen in the last year. That means that even when the share price was higher than kr0.93 (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. To us, it's very important to consider the price insiders pay for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Myron Mahendra was the only individual insider to buy shares in the last twelve months.
Myron Mahendra purchased 247.44k shares over the year. The average price per share was kr1.22. You can see the insider transactions (by 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!
OXE Marine is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that OXE Marine insiders own 44% of the company, worth about kr67m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About OXE Marine 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. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest OXE Marine insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that OXE Marine is showing 4 warning signs in our investment analysis, and 1 of those doesn't sit too well with us...
Of course OXE Marine 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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