Henrik Ekdahl Is The Director of Gaming Innovation Group Inc. (OB:GIG) And They Just Spent €1.0m On Shares
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Potential Gaming Innovation Group Inc. (OB:GIG) shareholders may wish to note that the Director, Henrik Ekdahl, recently bought kr1.0m worth of stock, paying kr5.19 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.3%.
View our latest analysis for Gaming Innovation Group
Gaming Innovation Group Insider Transactions Over The Last Year
Notably, that recent purchase by Henrik Ekdahl is the biggest insider purchase of Gaming Innovation 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 kr5.78. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Gaming Innovation Group insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 358.30k shares worth kr2.1m. But insiders sold 24736 shares worth kr114k. In the last twelve months there was more buying than selling by Gaming Innovation Group insiders. Their average price was about kr5.92. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Gaming Innovation Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Gaming Innovation Group insiders own about kr160m worth of shares. That equates to 31% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Gaming Innovation Group Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Gaming Innovation Group. Nice! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Gaming Innovation Group.