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Atlas Energy Solutions Inc. (NYSE:AESI) shareholders (or potential shareholders) will be happy to see that the Founder & Executive Chairman, Ben Brigham, recently bought a whopping US$5.0m worth of stock, at a price of US$23.00. While that only increased their holding size by 1.5%, it is still a big swing by our standards.
View our latest analysis for Atlas Energy Solutions
The Last 12 Months Of Insider Transactions At Atlas Energy Solutions
Notably, that recent purchase by Ben Brigham is the biggest insider purchase of Atlas Energy Solutions shares that we've seen in the last year. That means that even when the share price was higher than US$21.05 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. 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 513.82k shares worth US$11m. On the other hand they divested 895.34k shares, for US$20m. In total, Atlas Energy Solutions insiders sold more than they bought over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of Atlas Energy Solutions
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Atlas Energy Solutions insiders own 26% of the company, worth about US$689m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Atlas Energy Solutions Insider Transactions Indicate?
The stark truth for Atlas Energy Solutions is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Atlas Energy Solutions has 5 warning signs (2 can't be ignored!) that deserve your attention before going any further with your analysis.