OÜ HM Investeeringud

OÜ HM Investeeringud discloses dealings in Arco Vara AS to Finantsinspektsioon (OAM). Between 20 December 2011 and 20 May 2016, the trades on record add up to 95 filings.

In open-market terms, that means 3 purchases worth €75k on one side and 92 sales worth €711k on the other. Netting one side against the other leaves €636k of net selling. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Since January 2016: 1 purchase and no sales on the market.

In size, the median ticket on the buying side is €10k. On 3 out of 3 purchases, another insider of the same company was buying within the same 30 days. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time.

The latest filing, published on 20 May 2016, reports an open-market purchase of €5,250 in Arco Vara AS. Publication is fast: at least half of the trades appear on Finantsinspektsioon (OAM) on the same day. For comparison, MAR article 19 gives managers three business days to notify a trade. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. These figures are compiled from regulatory filings published by Finantsinspektsioon (OAM). They describe what insiders did and are not a recommendation.