Air Transport Services Group, Inc. (NASDAQ:ATSG) insiders are no doubt delighted to have bought last year with earnings to date of US$194,000
Insiders who bought Airline Services Group, Inc. (NASDAQ:ATSG) over the past 12 months might not pay attention to the stock’s recent 6.1% drop. Even after taking into account the recent loss, the $1.1 million worth of stocks they bought are now worth $1.3 million or, in other words, their investment is still giving good returns.
While insider trading isn’t the most important thing when it comes to long-term investing, logic dictates that you should pay attention to whether insiders are buying or selling stocks.
If you’re not interested in researching ATSG’s insider trading, we have a free list of interesting investment ideas to potentially inspire your next investment!
The last 12 months of insider trading at Air Transport Services Group
In the past twelve months, the largest single insider purchase was when insider David Soaper purchased US$998,000 worth of stock at US$24.97 per share. We like to see buy, but this buy was made well below the current price of US$29.86. Because the stock was purchased at a lower price, this particular purchase tells us little about what insiders think of the stock’s current price.
Fortunately, we note that last year, insiders paid $1.1 million for 44.98,000 shares. On the other hand, they sold 17,790 shares, for 550,000 USD. In total, Air Transport Services Group insiders have bought more than they have sold over the past year. You can see insider trading (by companies and individuals) over the past year illustrated in the table below. If you click on the chart, you can see all individual trades including stock price, individual and date!
There are always plenty of stocks that insiders are buying. So if it suits your style you can check each stock one by one or you can take a look at this free list of companies. (Hint: insiders bought them).
Air Transport Services Group insiders recently sold shares
We have seen more insider selling than insider buying at Air Transport Services Group recently. Around this time, VP of Human Capital Deborah Loveless sold US$120,000 worth of stock. On the other hand, we note that independent director Jeffrey Vorholt bought US$10,000 worth of stock. Generally, this level of net selling can be seen as a bit bearish.
Airline Services Group Insider Ownership
Another way to test alignment between a company’s executives and other shareholders is to look at how many shares they own. High insider participation often makes company management more concerned with the interests of shareholders. Insiders own 2.4% of Air Transport Services Group shares, worth approximately $53 million. While this is a high but not exceptional level of insider ownership, it suffices to indicate some alignment between management and small shareholders.
So what does this data suggest about Air Transport Services Group insiders?
Unfortunately, there have been more insider sales of Air Transport Services Group shares than purchases in the past three months. But we look forward to past transactions. It’s good to see that insiders are shareholders. So we’re happy enough to look past some sales. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. During our analysis, we found that Air Transport Services Group had 2 warning signs and it would be unwise to ignore them.
Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.
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