Potential Antero Midstream Corporation (NYSE:AM) shareholders may wish to note that the CFO, VP of Finance & Treasurer, Brendan Krueger, recently bought US$105k worth of stock, paying US$10.53 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.6%.
The Last 12 Months Of Insider Transactions At Antero Midstream
In fact, the recent purchase by CFO, VP of Finance & Treasurer Brendan Krueger was not their only acquisition of Antero Midstream shares this year. They previously made an even bigger purchase of US$140k worth of shares at a price of US$9.40 per share. We do like to see buying, but this purchase was made at well below the current price of US$10.63. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Brendan Krueger bought a total of 25.00k shares over the year at an average price of US$9.81. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Antero Midstream is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Antero Midstream
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Antero Midstream insiders own 2.7% of the company, currently worth about US$138m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Antero Midstream Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Antero Midstream. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 2 warning signs (1 is a bit concerning!) that you ought to be aware of before buying any shares in Antero Midstream.
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.