We’d be surprised if Hoist Finance AB (publ) (STO:HOFI) shareholders haven’t noticed that the Independent Director, Bengt Edholm, recently sold kr1.4m worth of stock at kr93.18 per share. Equally important, that sale actually reduced their holding by a full 82% which hardly makes us feel bullish about the stock.
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Hoist Finance Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Executive Chairman Lars Wollung for kr37m worth of shares, at about kr71.36 per share. Even though the purchase was made at a significantly lower price than the recent price (kr94.00), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.
Happily, we note that in the last year insiders paid kr39m for 540.87k shares. But insiders sold 60.00k shares worth kr5.3m. Overall, Hoist Finance insiders were net buyers during the last year. 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!
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Hoist Finance is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Hoist Finance
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Hoist Finance insiders own about kr1.6b worth of shares (which is 20% 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 Hoist Finance Insiders?
Unfortunately, there has been more insider selling of Hoist Finance stock, than buying, in the last three months. But we take heart from prior transactions. On top of that, insiders own a significant portion of the company. So we’re not too bothered by recent selling. 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 3 warning signs that you should run your eye over to get a better picture of Hoist Finance.
But note: Hoist Finance may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
