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Potential ATN International, Inc. (NASDAQ:ATNI) shareholders may wish to note that the Independent Director, Pamela Lenehan, recently bought US$297k worth of stock, paying US$31.22 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 86%.
See our latest analysis for ATN International
The Last 12 Months Of Insider Transactions At ATN International
In fact, the recent purchase by Pamela Lenehan was the biggest purchase of ATN International shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$30.86). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months insiders purchased 12.70k shares for US$396k. On the other hand they divested 4.00k shares, for US$182k. In total, ATN International insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
ATN International is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does ATN International Boast High Insider Ownership?
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. ATN International insiders own 33% of the company, currently worth about US$155m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The ATN International Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about ATN International. One for the watchlist, at least! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - ATN International has 2 warning signs we think you should be aware of.