Great news for Air Transport Services Group, Inc. (NASDAQ:ATSG): Insiders acquired stock in large numbers last year
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Air Transport Services Group, Inc.'s (NASDAQ:ATSG) case, it's fantastic news for shareholders.
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.
See our latest analysis for Air Transport Services Group
The Last 12 Months Of Insider Transactions At Air Transport Services Group
In the last twelve months, the biggest single sale by an insider was when the Vice President of Human Capital, Deborah Loveless, sold US$120k worth of shares at a price of US$31.28 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$20.74). So it is hard to draw any strong conclusion from it. Deborah Loveless was the only individual insider to sell over the last year.
In the last twelve months insiders purchased 15.89k shares for US$378k. But insiders sold 3.85k shares worth US$120k. In the last twelve months there was more buying than selling by Air Transport Services Group insiders. They paid about US$23.80 on average. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. 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 Bought Stock Recently
Over the last quarter, Air Transport Services Group insiders have spent a meaningful amount on shares. In total, insiders bought US$249k worth of shares in that time, and we didn't record any sales whatsoever. This is a positive in our book as it implies some confidence.
Does Air Transport Services Group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 2.5% of Air Transport Services Group shares, worth about US$38m. 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?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Air Transport Services Group insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Air Transport Services Group. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Air Transport Services Group.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here