We note that a AeroCentury Corp. (NYSEMKT:ACY) insider, , recently sold worth of stock for per share. However we note that the sale only shrunk their holding by .
The Last 12 Months Of Insider Transactions At AeroCentury
President Michael Magnusson made the biggest insider purchase in the last 12 months. That single transaction was for US$61k worth of shares at a price of US$4.39 each. Even though the purchase was made at a significantly lower price than the recent price (US$5.92), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months AeroCentury insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
AeroCentury is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does AeroCentury Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. AeroCentury insiders own about US$2.0m worth of shares. That equates to 22% of the company. 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 AeroCentury Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss last year, which makes us a little cautious. Given that insiders also own a fair bit of AeroCentury we think they are probably pretty confident of a bright future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for AeroCentury.
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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