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Investors who take an interest in Amtech Systems, Inc. (NASDAQ:ASYS) should definitely note that the Independent Director, Robert Averick, recently paid US$3.49 per share to buy US$236k worth of the stock. Although the purchase only increased their holding by 2.4%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Amtech Systems
Notably, that recent purchase by Independent Director Robert Averick was not the only time they bought Amtech Systems shares this year. Earlier in the year, they paid US$5.02 per share in a US$275k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$3.52). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Amtech Systems insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Amtech Systems
Amtech Systems is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Amtech Systems
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Amtech Systems insiders own about US$17m worth of shares. That equates to 33% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Amtech Systems Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Amtech Systems shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Amtech Systems. Case in point: We've spotted 2 warning signs for Amtech Systems you should be aware of.