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Air Lease Corporation (NYSE:AL) Insiders Who Sold US$1.3m Worth of Stock Earlier This Year Are Probably Glad They Did so as Market Cap Slides to US$4.0b

Simply Wall St ·  Sep 3, 2022 09:05

Insiders at Air Lease Corporation (NYSE:AL) sold US$1.3m worth of stock at an average price of US$45.38 a share over the past year, making the most of their investment. The company's market worth decreased by US$144m over the past week after the stock price dropped 3.5%, although insiders were able to minimize their losses

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Air Lease

Air Lease Insider Transactions Over The Last Year

The Executive Vice President, Alex Khatibi, made the biggest insider sale in the last 12 months. That single transaction was for US$711k worth of shares at a price of US$45.50 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$36.17). So it may not tell us anything about how insiders feel about the current share price. Alex Khatibi was the only individual insider to sell over the last year.

In the last twelve months insiders purchased 11.70k shares for US$478k. On the other hand they divested 29.23k shares, for US$1.3m. Alex Khatibi divested 29.23k shares over the last 12 months at an average price of US$45.38. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volumeNYSE:AL Insider Trading Volume September 3rd 2022

I will like Air Lease better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Air Lease

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Air Lease insiders own 6.7% of the company, worth about US$268m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Air Lease Tell Us?

It doesn't really mean much that no insider has traded Air Lease shares in the last quarter. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of Air Lease insider transactions don't fill us with confidence. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Air Lease. Every company has risks, and we've spotted 2 warning signs for Air Lease you should know about.

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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