Board member stocks up after heavy fall in Atlantic Sapphire

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The Miami land-based salmon farmer has had to endure falling stock prices throughout the autumn. Now insiders are taking the opportunity to increase their positions.

Atlantic Sapphire’s share price has fallen steadily, from a peak of NOK 139 at the end of June. Now it has fallen enough, believes several insiders.

On Thursday, board member and Platina Seafood fish exporter André Skarbø bought 11,000 shares at an average price of NOK 93.28. The trade was done through the company AS Invest, which now sits on 812,206 shares in Atlantic Sapphire, according to an Oslo Stock Exchange announcement from the company.

At the same time, CFO Karl Øystein Øyehaug acquired 800 shares at a price of NOK 92.40. After the purchase, Øyehaug has 9,405 shares and 28,861 options in the company.

Atlantic Sapphire executive vice president Dharma Rajeswaran also bought Atlantic Sapphire shares on Thursday. Rajeswaran purchased 270 shares at an average price of NOK 92.60. After this, he now controls 11,270 shares and 50,000 options.