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In the last year, multiple insiders have substantially increased their holdings of Armada Hoffler Properties, Inc. (NYSE:AHH) stock, indicating that insiders' optimism about the company's prospects has increased.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Armada Hoffler Properties Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Director A. Kirk for US$1m worth of shares, at about US$10.50 per share. That means that even when the share price was higher than US$7.22 (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. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Over the last year, we can see that insiders have bought 421.92k shares worth US$4.2m. But insiders sold 60.00k shares worth US$684k. In the last twelve months there was more buying than selling by Armada Hoffler Properties insiders. 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!
See our latest analysis for Armada Hoffler Properties
Armada Hoffler Properties is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Armada Hoffler Properties Insiders Bought Stock Recently
Over the last quarter, Armada Hoffler Properties insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$779k worth of shares. This is a positive in our book as it implies some confidence.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 1.1% of Armada Hoffler Properties shares, worth about US$8.3m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Armada Hoffler Properties Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Armada Hoffler Properties insiders are expecting a bright future. 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, Armada Hoffler Properties has 4 warning signs (and 3 which are concerning) we think you should know about.