AMN Healthcare Services President Acquires 181% More Stock
Those following along with AMN Healthcare Services, Inc. (NYSE:AMN) will no doubt be intrigued by the recent purchase of shares by Caroline Grace, President of the company, who spent a stonking US$992k on stock at an average price of US$56.68. That purchase boosted their holding by 181%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
See our latest analysis for AMN Healthcare Services
AMN Healthcare Services Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Chief Information & Digital Officer, Mark Hagan, for US$1.1m worth of shares, at about US$67.92 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$56.27). So it may not shed much light on insider confidence at current levels.
In the last twelve months insiders purchased 28.11k shares for US$1.6m. On the other hand they divested 17.00k shares, for US$1.2m. Overall, AMN Healthcare Services insiders were net buyers during the last year. 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!
AMN Healthcare Services is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does AMN Healthcare Services 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 AMN Healthcare Services insiders own 0.6% of the company, worth about US$13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At AMN Healthcare Services Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of AMN Healthcare Services we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - AMN Healthcare Services has 2 warning signs we think you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 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.
