Potential American Finance Trust, Inc. (NASDAQ:AFIN) shareholders may wish to note that the Lead Independent Director, Lisa Kabnick, recently bought US$199k worth of stock, paying US$13.91 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 9.9%.
The Last 12 Months Of Insider Transactions At American Finance Trust
In fact, the recent purchase by Lead Independent Director Lisa Kabnick was not their only acquisition of American Finance Trust shares this year. They previously made an even bigger purchase of US$1.0m worth of shares at a price of US$10.52 per share. We do like to see buying, but this purchase was made at well below the current price of US$13.83. 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.
American Finance Trust insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. 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).
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. Our data suggests American Finance Trust insiders own 0.3% of the company, worth about US$4.9m. We consider this fairly low insider ownership.
So What Do The American Finance Trust Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that American Finance Trust insiders are expecting a bright future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for American Finance Trust.
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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If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.