Home Sea food Proximar Seafood AS (OB:PROXI) Director Per Grieg Just Bought 10% More Shares

Proximar Seafood AS (OB:PROXI) Director Per Grieg Just Bought 10% More Shares


Investors interested in Proximar Seafood AS (OB:PROXI) should certainly note that the director, Per Grieg, recently paid 6.75 kr per share to buy 1.8 million kr worth of shares. It’s a very decent buy in our eyes and it increased their stake by a solid 10%.

Check out our latest analysis for Proximar Seafood

The last 12 months of insider trading at Proximar Seafood

In fact, the recent purchase by Per Grieg was the largest purchase of Proximar Seafood shares made by an insider in the past twelve months, according to our records. So it is clear that an insider wanted to buy, roughly at the current price, which is 7.10 kr. Although their perspective has changed since the purchase, it at least suggests that they have confidence in the future of the company. We always like to see insider buys, but it’s worth noting if those buys were made well below the current stock price, as the discount to value may have diminished as the price rose. The good news for Proximar Seafood shareholders is that insiders were buying at a price close to the current price.

Proximar Seafood insiders may have bought shares last year, but they haven’t sold any. You can see insider trading (by companies and individuals) over the past year illustrated in the table below. If you want to know exactly who sold, how much and when, just click on the chart below!

OB:PROXI Insider Trading Volume January 20, 2022

Proximar Seafood isn’t the only stock insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider buying, might be just the ticket.

Insider ownership of Proximar Seafood

Examining the total insider holdings in a company can help you know if they are well aligned with common shareholders. We generally like to see fairly high levels of insider ownership. Proximar Seafood insiders hold approximately 46 million kr of shares. This equates to 16% of the business. While this is a high but not exceptional level of insider ownership, it suffices to indicate some alignment between management and small shareholders.

So what do Proximar Seafood’s insider trading indicate?

It is certainly positive to see the recent insider buying. And an analysis of last year’s transactions also gives us confidence. But we don’t feel the same way about the company making losses. Given that insiders also own a good chunk of Proximar Seafood, we think they’re probably pretty confident of a bright future. So these insider trades can help us build a thesis on the stock, but it’s also helpful to know the risks this company faces. When we did our research, we found 3 warning signs for Proximar Seafood (2 are a little nasty!) which we think deserve your full attention.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.