Yahoo Finance Anthony Malkin Is The Independent Director of APi Group Corporation (NYSE:APG) And They Just Picked Up 26% More Shares
Investors who take an interest in APi Group Corporation (NYSE:APG) should definitely note that the Independent Director, Anthony Malkin, recently paid US$15.36 per share to buy US$241k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 26%.
Check out our latest analysis for APi Group
APi Group Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Director Anthony Malkin was not the only time they bought APi Group shares this year. They previously made an even bigger purchase of US$547k worth of shares at a price of US$14.47 per share. So it's clear an insider wanted to buy, at around the current price, which is US$15.45. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the APi Group insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Anthony Malkin.
Anthony Malkin purchased 53.47k shares over the year. The average price per share was US$14.73. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
APi Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of APi Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. APi Group insiders own about US$496m worth of shares (which is 14% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About APi Group Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about APi Group. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing APi Group. You'd be interested to know, that we found 1 warning sign for APi Group and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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