In This Article:
Potential AMA Group Limited (ASX:AMA) shareholders may wish to note that the Group CEO & Executive Director, Andrew Hopkins, recently bought AU$520k worth of stock, paying AU$1.04 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.3%.
See our latest analysis for AMA Group
AMA Group Insider Transactions Over The Last Year
In fact, the recent purchase by Andrew Hopkins was the biggest purchase of AMA Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is AU$1.07. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for AMA Group share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 1.19m shares for AU$1.3m. But they sold 100000 for AU$121k. In total, AMA Group insiders bought more than they sold over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does AMA Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that AMA Group insiders own 11% of the company, worth about AU$83m. 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 Do The AMA Group Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in AMA Group shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course AMA Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.