Whilst it may not be a huge deal, we thought it was good to see that the Agree Realty Corporation (NYSE:ADC) Independent Director, Simon Leopold, recently bought US$83k worth of stock, for US$55.25 per share. Even though that isn't a massive buy, it did increase their holding by 54%, which is a arguably a good sign.
The Last 12 Months Of Insider Transactions At Agree Realty
Over the last year, we can see that the biggest insider purchase was by Executive Chairman of the Board Richard Agree for US$1.5m worth of shares, at about US$68.44 per share. That means that even when the share price was higher than US$62.06 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 43.67k shares worth US$2.9m. But insiders sold 1034 shares worth US$66k. Overall, Agree Realty insiders were net buyers during the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Agree Realty is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Agree Realty
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Agree Realty insiders own about US$65m worth of shares. That equates to 2.1% 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 Agree Realty Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Agree Realty shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Agree Realty. Case in point: We've spotted 4 warning signs for Agree Realty you should be aware of, and 1 of these is potentially serious.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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. Thank you for reading.