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James Flatt Just Bought 6.5% More Shares In AirBoss of America Corp. (TSE:BOS)

Simply Wall St
·4 mins read

Those following along with AirBoss of America Corp. (TSE:BOS) will no doubt be intrigued by the recent purchase of shares by insider James Flatt, who spent a stonking CA$5.6m on stock at an average price of CA$18.75. While that only increased their holding size by 6.5%, it is still a big swing by our standards.

Check out our latest analysis for AirBoss of America

AirBoss of America Insider Transactions Over The Last Year

Notably, that recent purchase by James Flatt is the biggest insider purchase of AirBoss of America shares that we've seen in the last year. That implies that an insider found the current price of CA$19.14 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for AirBoss of America share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 566.37k shares for CA$7.8m. On the other hand they divested 61.53k shares, for CA$766k. In the last twelve months there was more buying than selling by AirBoss of America insiders. The average buy price was around CA$13.82. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

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).

Does AirBoss of America 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. AirBoss of America insiders own about CA$215m worth of shares (which is 48% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The AirBoss of America Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about AirBoss of America. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for AirBoss of America that deserve your attention before buying any shares.

Of course AirBoss of America may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.

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. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.