Whilst it may not be a huge deal, we thought it was good to see that the Self Storage Group ASA (OB:SSG) Chief Financial Officer, Cecilie Margrethe Hekneby, recently bought kr294k worth of stock, for kr24.50 per share. However, it only increased their shares held by 2.0%, and it wasn’t a huge purchase by absolute value, either.
Self Storage Group Insider Transactions Over The Last Year
Notably, that recent purchase by Cecilie Margrethe Hekneby is the biggest insider purchase of Self Storage Group shares that we’ve seen in the last year. That means that an insider was happy to buy shares at around the current price of kr24.80. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Self Storage Group share holders is that an insider was buying at near the current price. Cecilie Margrethe Hekneby was the only individual insider to buy shares in the last twelve months.
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!
Self Storage Group 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 of Self Storage Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Self Storage Group insiders own 1.0% of the company, worth about kr21m. But they may have an indirect interest through a corporate structure that we haven’t picked up on. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Self Storage Group Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Self Storage Group insiders are well aligned, and that they may think the share price is too low. 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. To help with this, we’ve discovered 3 warning signs (1 doesn’t sit too well with us!) that you ought to be aware of before buying any shares in Self Storage Group.
But note: Self Storage Group 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, but not derivative transactions.
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