Insiders who bought Air Transport Services Group, Inc. (NASDAQ:ATSG) stock lover the last 12 months are probably not as affected by last week's 7.0% loss. After accounting for the recent loss, the US$1.1m worth of shares they purchased is now worth US$1.2m, suggesting a good return on their investment.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Air Transport Services Group
The Last 12 Months Of Insider Transactions At Air Transport Services Group
Over the last year, we can see that the biggest insider purchase was by insider David Soaper for US$998k worth of shares, at about US$24.97 per share. That means that an insider was happy to buy shares at around the current price of US$26.48. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Air Transport Services Group share holders is that insiders were buying at near the current price.
Over the last year, we can see that insiders have bought 44.98k shares worth US$1.1m. But they sold 17.79k shares for US$550k. In the last twelve months there was more buying than selling by Air Transport Services Group insiders. 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!NasdaqGS:ATSG Insider Trading Volume September 20th 2022
Air Transport Services Group 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.
Air Transport Services Group Insiders Bought Stock Recently
There was some insider buying at Air Transport Services Group over the last quarter. Independent Director Jeffrey Vorholt shelled out US$10k for shares in that time. We like it when there are only buyers, and no sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.
Insider Ownership Of Air Transport Services Group
For a common shareholder, it is worth checking how many shares are held by company 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. Air Transport Services Group insiders own about US$47m worth of shares. That equates to 2.4% 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 Air Transport Services Group Insiders?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. However, our analysis of transactions over the last year is heartening. Insiders own shares in Air Transport Services Group and we see no evidence to suggest they are worried about the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for Air Transport Services Group you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.