Yahoo Finance Bullish insiders bet US$1.1m on Air Transport Services Group, Inc. (NASDAQ:ATSG)
Quite a few insiders have dramatically grown their holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Air Transport Services Group
The Last 12 Months Of Insider Transactions At Air Transport Services Group
The insider David Soaper made the biggest insider purchase in the last 12 months. That single transaction was for US$998k worth of shares at a price of US$24.97 each. Even though the purchase was made at a significantly lower price than the recent price (US$31.40), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 44.98k shares worth US$1.1m. But they sold 17.79k shares for US$550k. In the last twelve months there was more buying than selling by Air Transport Services Group insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insiders At Air Transport Services Group Have Sold Stock Recently
We've seen more insider selling than insider buying at Air Transport Services Group recently. In total, Vice President of Human Capital Deborah Loveless sold US$120k worth of shares in that time. On the other hand we note insiders bought US$60k worth of shares. Since the selling really does outweigh the buying, we'd say that these transactions may suggest that some insiders feel the shares are not cheap.
Does Air Transport Services Group Boast High Insider Ownership?
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. It appears that Air Transport Services Group insiders own 2.4% of the company, worth about US$55m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Air Transport Services Group Insiders?
Unfortunately, there has been more insider selling of Air Transport Services Group stock, than buying, in the last three months. In contrast, they appear keener if you look at the last twelve months. It's good to see insiders are shareholders. So we're not overly bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 2 warning signs for Air Transport Services Group you should be aware of.
But note: Air Transport Services Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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