Anders Lindqvist Bought 33% More Shares In Mycronic
Investors who take an interest in Mycronic AB (publ) (STO:MYCR) should definitely note that the President & CEO, Anders Lindqvist, recently paid kr302 per share to buy kr4.2m worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 33%.
Mycronic Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Chairman of the Board, Johan Tigerschiold, sold kr21m worth of shares at a price of kr312 per share. That means that an insider was selling shares at slightly below the current price (kr324). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 35% of Johan Tigerschiold's holding.
Over the last year, we can see that insiders have bought 21.31k shares worth kr6.4m. But insiders sold 79.31k shares worth kr24m. All up, insiders sold more shares in Mycronic than they bought, over the last year. 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!
Check out our latest analysis for Mycronic
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of Mycronic
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Mycronic insiders own about kr107m worth of shares. That equates to 0.2% of the company. 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 Do The Mycronic Insider Transactions Indicate?
It is good to see recent purchasing. But we can't say the same for the transactions over the last 12 months. The high levels of insider ownership, and the recent buying by some insiders suggests they are well aligned and optimistic. Of course, the future is what matters most. So if you are interested in Mycronic, you should check out this free report on analyst forecasts for the company.
But note: Mycronic 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.