Insider Buying

Another 3 Nordic Stocks with Interesting Insider Activity

Another 3 Nordic Stocks with Interesting Insider Activity
Fingerprint Cards AB
FINGB:SS
12 months:
+83%
Activity:
Bullish
Pattern:
Purchases from four insiders including President/CEO and CFO
News:
Covid-19 disruption
NOTE AB
NOTE:SS
12 months:
+121%
Activity:
Bullish
Pattern:
Multiple purchases from board member
News:
Strong Q1 results
Lindab International AB
LIAB:SS
12 months:
+112%
Activity:
Bullish
Pattern:
Purchase from Chairman of the Board and Directors
News:
Q1 results
Fingerprint Cards AB
FINGB:SS
12 months:
+83%
Activity:
Bullish
Pattern:
Purchases from four insiders including President/CEO and CFO
News:
Covid-19 disruption
NOTE AB
NOTE:SS
12 months:
+121%
Activity:
Bullish
Pattern:
Multiple purchases from board member
News:
Strong Q1 results
Lindab International AB
LIAB:SS
12 months:
+112%
Activity:
Bullish
Pattern:
Purchase from Chairman of the Board and Directors
News:
Q1 results


Nordic companies are thriving, as we noted in a recent report on interesting companies in the region.

In that report, we covered Musti Group Holding Oyj (MUSTI:FH), Kid ASA (KID:NO) and Adapteo Oyj (ADAPT:SS). This time around we have a biometric technology developer, electronics manufacturer and ventilation solutions company worthy of attention. 

Fingerprint Cards AB (FINGB:SS)

First is Swedish technology company Fingerprint Cards in the biometrics industry. FINGB is listed on the Nasdaq Stockholm Stock Exchange with a market capitalization of SEK 8.29 billion. 

2iQ’s data shows that Fingerprint Cards saw substantial insider buying activity in early June: 

  • President and CEO (42,644 shares @ SEK 31.49 per share)
  • CFO (3,000 shares @ SEK 32.89 per share)
  • Board member (170,000 shares @ SEK 29.17 per share)
  • Board member 2 (5,200 shares @ SEK 29.00 per share)

We believe this activity is noteworthy because all four of these insiders made well-timed purchases. Back in February, both Fredrikson and Sundqvist bought stock when the share price was sub-SEK 20. The stock has risen considerably since then.

NOTE AB (NOTE:SS)

NOTE AB, a Swedish electronics manufacturer, is currently listed on the Nasdaq Stockholm Stock Exchange (market capitalization: SEK 2.9 billion). 

In our most recent report on the company, NOTE AB insider Johan Hagberg bought company stock on four different occasions in June 2021. 

Cumulatively, the insider purchased 18,205 shares equating to around SEK 1.9 million.

Hagberg’s purchase stands out because he is NOTE’s largest shareholder. He currently holds 5.88 million shares of the company’s stock. Also, Hagberg is known for his impressive long-term trading IQ of 114. 

Lindab International AB (LIAB:SS)

Finally, Lindab International. This Swedish company develops, manufactures, and distributes construction and ventilation products. The company primarily caters to the non-residential property sector in the Nordic region. 

Lindab International’s latest insider buying report was a case of massive cluster buying. 

Seven company insiders bought LIAB stock and these insiders spent a total of SEK 3.1 million on LIAB stock. Chairman Peter Nilsson led the charge.

 

This insider buying activity is worth paying attention to because Lindab also posted an encouraging set of Q1 figures for 2021. 

Read the 2iQ blog for more Nordic insider buying reports and insider selling reports.

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