Trade Alert: Thomas Satterfield At Ark Restaurants Corp. (NASDAQ:ARKR), Has Just Spent US$159k Buying 8.2% More Shares
Potential Ark Restaurants Corp. (NASDAQ:ARKR) shareholders may wish to note that insider Thomas Satterfield recently bought US$159k worth of stock, paying US$16.74 for each share. Although the purchase only increased their holding by 8.2%, it is still a solid purchase in our view.
Check out our latest analysis for Ark Restaurants
The Last 12 Months Of Insider Transactions At Ark Restaurants
Notably, that recent purchase by insider Thomas Satterfield was not the only time they bought Ark Restaurants shares this year. Earlier in the year, they paid US$19.29 per share in a US$600k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$16.61). Their view may have changed since then, but at least it shows they felt optimistic at the time. 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.
Ark Restaurants insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and 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!
Ark Restaurants 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
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. It's great to see that Ark Restaurants insiders own 42% of the company, worth about US$25m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Ark Restaurants Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Ark Restaurants. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Ark Restaurants has 4 warning signs we think you should be aware of.
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. 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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