Executives for Scorpio Bulkers and Scorpio Tankers are making the most of both companies undervalued shares, according to a prominent analyst.

Scorpio Services Holding (SSH) has bought millions of dollars in shares since early May, most recently buying 155,000 shares at $12.13 on 24 September and 50,000 units at $12.04 two days earlier.

"Management realises that the share price is certainly suppressed, and they want to take advantage of this incredible sell-off and very cheap valuations for some of these names," Jefferies analyst Randy Giveans told TradeWinds.