2iQ Insider Brief: MLP SE (MLP: GR)

Desislav Delchev 19 June 2020


12-month performance: +34%
Insider activity: Bullish
Buying pattern: Multiple purchases from CEO
Recent news: Solid Q1 results

MLP is a German financial services company. Through its subsidiaries, it offers a wide range of services including consulting, investment management, insurance underwriting, and real estate brokerage services. The company is listed on the XETRA and currently has a market capitalisation of €601 million.

MLP recently issued a solid set of first-quarter results. For the quarter, sales increased 9% to €193.7 million, with growth recorded in all divisions of the group. Meanwhile, new client acquisition – a key early indicator for future revenue performance – increased 10% on the same period last year. “The revenue development observed in the opening quarter underlines the dynamism that MLP is displaying and demonstrates our success in continuing the positive trend of the last few years,” said Chief Executive Officer Dr. Uwe Schroeder-Wildberg.

MLP SE chart                          Source: 2iQ Research

What stands out to us about MLP is the fact that Schroeder-Wildberg – who has a high 2iQ Long-term Trading IQ score of 120 – has purchased MLP stock three times this month. On 2 June, the insider purchased 45,572 shares at a price of €5.35 per share, and then he followed this up by purchasing another 55,765 shares between 12 June and 15 June at an average price of €5.50. This buying activity comes after the CEO spent €8.8 million on MLP stock in March. Clearly, Schroeder-Wildberg is confident about the future. We see this pattern of insider buying as a bullish signal.

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* Image Source: MLP

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