Yahoo Finance Insiders Of Anterix Reap Rewards After Their Investment Jumps Another US$857k
Anterix Inc. (NASDAQ:ATEX) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 34% resulting in a US$189m addition to the company’s market value. Put another way, the original US$4.10m acquisition is now worth US$4.96m.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Anterix
The Last 12 Months Of Insider Transactions At Anterix
In the last twelve months, the biggest single purchase by an insider was when Independent Director Jeffrey Altman bought US$4.1m worth of shares at a price of US$33.99 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$39.59. 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 125.19k shares worth US$4.1m. But insiders sold 936.00 shares worth US$30k. In the last twelve months there was more buying than selling by Anterix insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Anterix is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Anterix 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 2.5% of Anterix shares, worth about US$19m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Anterix Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders own shares in Anterix and we see no evidence to suggest they are worried about the future. 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. At Simply Wall St, we found 1 warning sign for Anterix that deserve your attention before buying any shares.
Of course Anterix may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
