Data as of 5 Nov 2026

COMPANY RESEARCH

Ásar hf.

ASAR.IC · Iceland · Communication Services · Telecom Services

Insider Signal

Snapshot: 05 Nov 2026 · 180-day research window

Data quality pass

Insider Signal: 54.8 / 100
Reported buyers: 2
Net purchases: 6.23m EUR
Latest disclosure: 2026-11-04

What stands out

2 reported buyers participated in qualifying purchases during the last 180 days.
Stoðirhf. accounts for 99% of comparable reported purchase value; buyer breadth and value are different measures.

Price vs insider buying

ASAR.IC · ISK

● Purchase　× Sale　◇ Public disclosure　▥ 15-day cluster ·

Circles and crosses mark trade dates; diamonds below the axis mark later public disclosures. The trade became public on its disclosure date. Prices are nearest-session closes, not insider execution prices. Marker sizes are not compared when values or currencies differ.

BULL VS BEAR

Two readings of this buying

The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.

Since 2026-11-03: new on the bull side: large purchases, bought in the last two weeks; new on the bear side: value concentrated in one buyer; no longer on the bear side: one buyer only. All bull and bear lists, and what followed each line in the past →

Where the evidence comes from

Independent evidence does not object: the purchases themselves carry bull lines (large purchases, senior executive buying, bought in the last two weeks); share price and trading, company results were checked and none crosses a bear threshold. No data is held for: short sellers, company actions.

The insider purchases themselvesBulllarge purchases, senior executive buying, bought in the last two weeks Bearvalue concentrated in one buyer, usual level for this company3 checked, under the threshold · 3 missing
Share price and tradingBearthinly traded2 checked, under the threshold
Short sellers1 missing
Company results1 checked, under the threshold · 2 missing
Company actionsno data held

Bull case · the buying is informative

Insider purchases in the last 20 sessions equal 136% of everything traded in the stock over those sessions.
The buyers include the CEO or chair, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,812 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.4%).
The latest purchase is 1 day old (2026-11-04). The buying is current, not left over from an earlier quarter.

Bear case · discount it

Stoðirhf. accounts for 99% of the value bought. The other 1 buyer adds names more than money.Record: after 3,525 earlier disclosures like this, the median 60-session excess return was −3.4%, within 1 percentage point of all comparable disclosures (−3.5%).
Buying at this level is normal here: 2 insiders bought in the previous 180 days and 2 in this one.Record: after 2,827 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
Share price and tradingAbout €227k of the stock changes hands on an average day, below this site's €500k screening line. A position is hard to enter or leave at the quoted price.

Evidence still missing

No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
The company's market value is not captured, so the purchases cannot be stated as a share of the business.
Only one reading of profitability is held (profit margin 6.0%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
The short-position register for this company's market is not captured here, so whether professional investors are positioned against the buying is not known.
European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 3 purchase lines mentions a plan, but a bare “Purchase (Kauphlutabréfa)” does not rule one out.
The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.

Checked and under the threshold: 6

BullAt most 1 insider bought within any 15 days. Counted for the bull side from 3.
Bear0 of 2 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
BearNo insider sale is recorded in the same 180 days.
BearThe share price changed −5.7% over six months (three months −10%, one month +2.7%). Counted for the bear side from a fall of 20%.
BearOver three months the share price changed −10% and the median of 168 Communication Services companies changed +0.08%: behind by 10 points. Counted for the bear side from 20 points behind.
BearProfit margin on the latest captured figures is 6.0%. Counted for the bear side when negative.

Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.

Who is trading?

Named filings in 180 days. Purchase values are summed only when complete and in one currency.

Role Activity

Insider

Transaction activity

Purchase value

Latest trade

Details

Stoðirhf.CEO / chair

1 buy · 0 sell

847.50m ISK

2026-11-04

View transactions · 1

Trade date	Disclosure	Type	Shares	Price	Currency	Reported value	Source
2026-11-04	2026-11-04	Purchase (Kaupáhlutabréfum)	75000000.0	11.3	ISK		Source ↗

Armisehf.CEO / chair

2 buy · 0 sell

5.00m ISK

2026-08-21

View transactions · 2

Trade date	Disclosure	Type	Shares	Price	Currency	Reported value	Source
2026-08-21	2026-08-21	Purchase (Kauphlutabréfa)	150000.0	12.1	ISK		Source ↗
2026-08-21	2026-08-21	Purchase (Kauphlutabréfa)	261066.0	12.2	ISK		Source ↗

RagnaMargrétNorðdahlFramkvæmdastjórimannauðsogrekstrarhjáÁsumhf.

0 buy · 0 sell

No purchases

2026-09-04

View transactions · 1

Trade date	Disclosure	Type	Shares	Price	Currency	Reported value	Source
2026-09-04	2026-09-07	Exercise of share options (Nýtingákaupréttum)	144648.0	10.37	ISK		Source ↗

INSIDER SIGNAL

Score breakdown：54.8 / 100

2 insiders · 2 purchase events · €6.23m net purchases

Europe #448 · Iceland #1

WHY THIS SIGNAL?

Score anatomy

Each bar is that part's points in the score; the five parts add up to the score.

Number of buyers+10.5 / 35

How many different insiders bought within 15 days

Amount bought+25.0 / 25

The value bought, net of any insider sales

Buyers' roles+0.0 / 20

Lower in the company scores higher: in the backtest, purchases by the most senior insiders did worse

How recent+9.3 / 10

How long ago the latest purchase took place

Buying against selling+10.0 / 10

Lower when insiders also sold

What is holding the score back?

⚠ Few buyers · fewer than 4 different insiders
⚠ Buyers' roles add little · most senior buyer: CEO / chair; the most senior score lowest
✓ Recent buying · latest purchase 2026-11-04

Buyers' roles follow the European ranking's order of roles: the most senior insiders score lowest.

BUYING PROFILE

2 events · 2 insiders · 180d

Cluster 0%Repeat 0%Independent 100%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

99%

Largest buyer：Stoðirhf. · 847.50m ISK
Purchases counted, before sales：852.50m ISK

The amount at the top of the page is purchases minus sales; this one counts purchases only, in the filing currency, so the two can differ. The score counts how many people bought; this shows separately who bought the most.

This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.

Key purchase quotes (filing currency)

Filer	Price per unit	Trade date
Stoðirhf.	11.3 ISK	Nov 4, 2026
Armisehf.	12.1–12.2 ISK	Aug 21, 2026

Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count): 1 distinct reported filers
Peak time window: 2026-08-21 to 2026-08-21
Current breadth input: 0.300 (capped at 4+ buyers)
Buyer independence: Not yet measured; related-party fields are not cross-market comparable

What the filings show

🟢 Latest purchase counted
Stoðirhf. · 847.50m ISK · Price 11.3 ISK · Nov 4, 2026
🟢 Purchase counted
Armisehf. · 5.00m ISK · Price 12.1–12.2 ISK · Aug 21, 2026
🔴 1 other line(s) are not counted, as they are not purchases the insider chose to make; 0 have a price of zero

Filing and data quality

These checks are auditable context; they do not change the rank or score.

Identity match: PASS · isin
Ticker / ISIN: Present
Filing source links: 9 / 9
Median disclosure lag: 0 days
Latest disclosure age: 1 days at snapshot
Corrections / revisions: 0
Score-factor detail: Saved

Insider timeline

2 insiders bought in the last 180 days, each once and more than 15 days apart.

Tap an item for what it means.

●A purchase: the bigger the dot, the more was bought

Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.

Blue line: this share's price, −1.7% over these six months

The closing price of each day, from 11.70 on 2026-05-11 to 11.50 on 2026-11-04. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.

▂Grey bars: companies across Europe disclosing purchases each week

A taller bar is a week in which more companies disclosed insider purchases.

This company: insiders buying per month, last 12 months

Dec

Jan

1Feb

Mar

Apr

1May

Jun

Jul

1Aug

Sep

Oct

1Nov

Darker bars are inside the 180-day window above.

Who traded

Insider	Role	Purchases	Sales	Bought	First purchase	Share price since	Earlier purchases
Armisehf.	CEO / chair	1	—	5.0M ISK	2026-08-21	−5.7%	fewer than 5 completed
Stoðirhf.	CEO / chair	1	—	847.5M ISK	2026-11-04	+0.0%	fewer than 5 completed

Insiders' buying price vs the latest close

Insiders paid 11.34 ISK a share on average (5 purchase lines, 4 buyers, 2026-02-20 – 2026-11-04). The close on 2026-11-04 was 1.4% above that price.

The latest purchase (2026-11-04) was at 11.30 ISK; the close was 1.8% above that price.

Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.

Buying size vs market trading

136.43% · of estimated traded value in the same period

2026-10-08 – 2026-11-04 · 20 recorded trading sessions

Disclosed qualifying purchases: 847,500,000 ISK
Estimated market traded value: 621,195,049 ISK

Market-data coverage: 497 verified sessions · Latest session: 2026-11-04 · Ratio status: Available

Recent and largest purchase events / preceding 60-session ADTV

Nov 04 · Stoðirhf. · JónSigurðssonstjórnaformaðurÁsahf.erforstjóriStoðahf.
847,500,000 ISK · 2092.52%
40,501,346 ISK ADTV
Aug 21 · Armisehf. · BrynjaBaldursdóttirer100%eigandiArmisehf.BrynjaerforstjóriGreiðslumiðlunarÍslandsehf.,dótturfélagsÁsahf.
5,000,005 ISK · 10.88%
45,954,056 ISK ADTV

Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.

Sector context

Communication Services

Buying breadth: 7.9% (20 / 252 issuers)
Sector rank: #8 / 12
7D breadth change: -2.1 pp · vs 2026-10-29 (7d)
30D breadth change: -4.4 pp · vs 2026-10-06 (30d)

This is sector-level research context. It does not affect the Insider Signal or ranking.

View Europe sector research →

Insider profile outcomes

Historical performance following insider filings. The company role is translated below each name while preserving the original title.

Excess return = stock return − STOXX Europe 600 (regional proxy) return over the same period.
Hit rate = completed events with positive excess return ÷ total completed events.
Price coverage = valid point-in-time prices ÷ events mature enough for that period.
Returns start on the first shared trading session on or after publication.
Small-sample rule: n<5 is shown for transparency and is not scored.

Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.

Armisehf.BrynjaBaldursdóttirer100%eigandiArmisehf.BrynjaerforstjóriGreiðslumiðlunarÍslandsehf.,dótturfélagsÁsahf.1 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	1Small sample	100.0% (1/1)	100.0% (1/1)	+0.3%	+0.3%	+0.3%
20D	1Small sample	100.0% (1/1)	0.0% (0/1)	-13.5%	-13.5%	-13.5%
60D	0No data	Awaiting maturity	—	—	—	—
120D	0No data	Awaiting maturity	—	—	—	—

First purchase in 12M

1/1

Large purchase ≥ €100k

0/1

Cluster buying · 15D

0/1

Buying the dip · ≥20% below prior 52W high

1/1

Routine / opportunistic

Not classifiable

Arnar Þór MássonArnar Þór Másson situr í stjórn Símans hf.1 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	1Small sample	100.0% (1/1)	0.0% (0/1)	-5.7%	-5.7%	-5.7%
20D	1Small sample	100.0% (1/1)	0.0% (0/1)	-10.3%	-10.3%	-10.3%
60D	1Small sample	100.0% (1/1)	0.0% (0/1)	-3.1%	-3.1%	-3.1%
120D	1Small sample	100.0% (1/1)	0.0% (0/1)	-14.4%	-14.4%	-14.4%

First purchase in 12M

1/1

Large purchase ≥ €100k

0/1

Cluster buying · 15D

0/1

Buying the dip · ≥20% below prior 52W high

1/1

Routine / opportunistic

Not classifiable

María Björk EinarsdóttirForstjóri Símans hf.1 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	1Small sample	100.0% (1/1)	0.0% (0/1)	-1.9%	-1.9%	-1.9%
20D	1Small sample	100.0% (1/1)	0.0% (0/1)	-3.4%	-3.4%	-3.4%
60D	1Small sample	100.0% (1/1)	0.0% (0/1)	-16.2%	-16.2%	-16.2%
120D	1Small sample	100.0% (1/1)	0.0% (0/1)	-18.1%	-18.1%	-18.1%

First purchase in 12M

1/1

Large purchase ≥ €100k

0/1

Cluster buying · 15D

0/1

Buying the dip · ≥20% below prior 52W high

0/1

Routine / opportunistic

Not classifiable

Market context

PRICE PERFORMANCE

+2.7%

-10.2%

-5.7%

12M

-17.3%

VOLATILITY & LIQUIDITY

Volatility: 21.7%
Beta: -0.12
Avg daily volume: ISK 38.7M
20-session drawdown: -4.4%
60-session drawdown: -20.6%
Latest volume / prior median: 18.5×

VALUATION

Market cap: —
P/E: 15.5×

FUNDAMENTALS

Revenue: —
Net income: —
Operating profit: —
Equity: —
Cash: —
Debt: —
Operating cash flow: —
Free cash flow: —
Profit margin: 6.0%
ROE: 10.0%
Industry: Telecom Services

Prices to 06 Nov 2026: price cache (yfinance). From OpenBB/yfinance, captured 29 Oct 2026: P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.

Dividends

Dividend yield: 1.9%at 11.20
Last 12 months: 0.21per share
Payout ratio: 35%of 12-month earnings
Latest ex-dividend: 2026-03-130.21
Frequency: Annual
Dividend growth: +43.3%a year, 2022–2025
By year

By year

Year	Payments	Cash per share
2026 (so far)	1	0.21
2025	1	0.20
2024	1	0.20
2023	2	11.02
2022	1	0.07

Yahoo Finance: cash dividends by ex-dividend date, the latest close, the payout ratio (dividends ÷ 12-month earnings per share) and announced dates; special dividends included, stock dividends and splits not. Not part of any score.

Disclosed net short positions

This country's register of net short positions was not read for this build. That says nothing about whether short positions exist.

Latest news

No news has been captured for this company.

Regulatory filings

Insider filing announcement · published 2026-11-04 · trade date 2026-11-04
Insider filing announcement · published 2026-09-07 · trade date 2026-09-04
Insider filing announcement · published 2026-08-21 · trade date 2026-08-21

Unfold all 7 filings

Insider filing announcement · published 2026-11-04 · trade date 2026-11-04
Insider filing announcement · published 2026-09-07 · trade date 2026-09-04
Insider filing announcement · published 2026-08-21 · trade date 2026-08-21
Insider filing announcement · published 2026-05-04 · trade date 2026-05-04
Insider filing announcement · published 2026-02-20 · trade date 2026-02-20
Insider filing announcement · published 2025-11-11 · trade date 2025-11-07
Insider filing announcement · published 2025-11-11 · trade date 2025-11-07

Filing evidence

These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.

Excluded transactions & classification

5 qualifying purchase disclosure(s) · 5 transaction line(s)

Trade Nov 4, 2026Purchase (Kaupáhlutabréfum)

Stoðirhf. · JónSigurðssonstjórnaformaðurÁsahf.erforstjóriStoðahf.

Published Nov 4, 2026 · Hlutabréf · 75000000.0 shares × 11.3 ISK · —

Open filing

Trade Aug 21, 2026Purchase (Kauphlutabréfa)

Armisehf. · BrynjaBaldursdóttirer100%eigandiArmisehf.BrynjaerforstjóriGreiðslumiðlunarÍslandsehf.,dótturfélagsÁsahf.

Published Aug 21, 2026 · Hlutabréf · 150000.0 shares × 12.1 ISK · —

Open filing

Trade Aug 21, 2026Purchase (Kauphlutabréfa)

Armisehf. · BrynjaBaldursdóttirer100%eigandiArmisehf.BrynjaerforstjóriGreiðslumiðlunarÍslandsehf.,dótturfélagsÁsahf.

Published Aug 21, 2026 · Hlutabréf · 261066.0 shares × 12.2 ISK · —

Open filing

Unfold all 2 remaining filing row(s)

Transaction date	Published	Filer	Role	Transaction	Instrument	Price (local currency)	Quote currency	Volume	Source
2026-05-04	2026-05-04	Arnar Þór Másson	Arnar Þór Másson situr í stjórn Símans hf.	Purchase (Kaup hlutabréfa)	Hlutabréf	12.25 ISK	ISK	1000000.0	Open filing
2026-02-20	2026-02-20	María Björk Einarsdóttir	Forstjóri Símans hf.	Purchase (Kaup hlutabréfa)	Hlutabréf	14.1 ISK	ISK	700000.0	Open filing

Showing 5 of 5 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.

Other disclosed transactions · excluded from score

View 4 other transaction(s)

Trade Sep 4, 2026Exercise of share options (Nýtingákaupréttum)

RagnaMargrétNorðdahl · FramkvæmdastjórimannauðsogrekstrarhjáÁsumhf.

Published Sep 7, 2026 · Hlutaréf · 144648.0 shares × 10.37 ISK · —

Open filing

Trade Nov 7, 2025Grant of share options (Úthlutun kaupréttar á grundvelli kaupréttaráætlunar vegna stjórnenda og lykilstarfsmanna.)

Hjörtur Þór Steindórsson · Framkvæmdastjóri Fjármála

Published Nov 11, 2025 · Kaupréttur að hlutabréfum · 7500000.0 shares × 13.87 ISK · —

Open filing

Trade Nov 7, 2025Grant of share options (Úthlutun kaupréttar á grundvelli kaupréttaráætlunar vegna stjórnenda og lykilstarfsmanna.)

Sæunn Björk Þorkelsdóttir · Framkvæmdastjóri Fyrirtækjasviðs

Published Nov 11, 2025 · Kaupréttur að hlutabréfum · 5625000.0 shares × 13.87 ISK · —

Open filing

Unfold all 1 remaining filing row(s)

Transaction date	Published	Filer	Role	Transaction	Instrument	Price (local currency)	Quote currency	Volume	Source
2025-11-07	2025-11-11	María Björk Einarsdóttir	Forstjóri	Grant of share options (Úthlutun kaupréttar á grundvelli kaupréttaráætlunar vegna starfsmanna)	Kaupréttur að hlutabréfum	13.87 ISK	ISK	108147.0	Open filing

Showing 4 of 4 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.

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Model & Sources

Signal history

54.8 / 100

Latest recorded score

↑ +15.2 ptssince the first recorded snapshot on 2026-10-28; 8 calendar days observed

Recorded snapshots: 5
First snapshot: 2026-10-28

There is not yet a 30-calendar-day comparison; earlier scores are not reconstructed. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.

Why did it change?

Less than 30 days of comparable history is available, so factor movement is not yet decomposed.

Signal score history

Fixed 0–100 scale; dates are spaced by calendar time.

Recent recorded points

Oct 28, 202639.6
Oct 29, 202639.6
Nov 3, 202637.6
Nov 4, 202655.5
Nov 5, 202654.8

View all recorded scores

Snapshot date	Signal score
2026-10-28	39.6
2026-10-29	39.6
2026-11-03	37.6
2026-11-04	55.5
2026-11-05	54.8

Why this score? · Model details

Priority = 100 × Σ(fixed weight × 0–1 rule-based input)

Factor	Weight	This company input	Point contribution
15-day buyer breadth (count)	35%	0.300	10.5
Qualified-buy size	25%	1.000	25.0
Role informativeness (inverted)	20%	0.000	0.0
Recency	10%	0.933	9.3
Buy/sell conviction	10%	1.000	10.0

This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.

Snapshot & identity

Snapshot date: 2026-11-05
Ticker: ASAR.IC
ISIN: IS0000026193
Sector: Communication Services
Industry: Telecom Services

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