Independent Director Matthew Jozoff Just Bought 25% More Shares In AG Mortgage Investment Trust, Inc. (NYSE:MITT)
Whilst it may not be a huge deal, we thought it was good to see that the AG Mortgage Investment Trust, Inc. (NYSE:MITT) Independent Director, Matthew Jozoff, recently bought US$59k worth of stock, for US$7.41 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 25%.
See our latest analysis for AG Mortgage Investment Trust
AG Mortgage Investment Trust Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Chairman of the Board David Roberts bought US$2.1m worth of shares at a price of US$10.25 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$7.45). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months AG Mortgage Investment Trust insiders were buying shares, but not selling. 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).
Insider Ownership Of AG Mortgage Investment Trust
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that AG Mortgage Investment Trust insiders own about US$8.4m worth of shares (which is 5.0% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About AG Mortgage Investment Trust Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on AG Mortgage Investment Trust stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AG Mortgage Investment Trust. For example - AG Mortgage Investment Trust 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, 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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