Yahoo Finance Should You Take Comfort From Insider Transactions At Apollo Tourism & Leisure Ltd (ASX:ATL)?
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So we’ll take a look at whether insiders have been buying or selling shares in Apollo Tourism & Leisure Ltd (ASX:ATL).
Do Insider Transactions Matter?
It’s quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.
We don’t think shareholders should simply follow insider transactions. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia University study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.
Check out our latest analysis for Apollo Tourism & Leisure
Apollo Tourism & Leisure Insider Transactions Over The Last Year
There wasn’t any very large single transaction over the last year, but we can still observe some trading.
Over the last year, we can see that insiders have bought 82.94k shares worth AU$79k. Overall, Apollo Tourism & Leisure insiders were net buyers last year. They paid about AU$0.95 on average. These transactions suggest that insiders have considered the current price of AU$0.95 attractive. You can see a visual depiction of insider transactions (by 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!
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.
Insiders at Apollo Tourism & Leisure Have Bought Stock Recently
Over the last three months, we’ve seen significant insider buying at Apollo Tourism & Leisure. Not only was there no selling that we can see, but they collectively bought AU$79k worth of shares. That shows some optimism about the company’s future.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Apollo Tourism & Leisure insiders own 1.9% of the company, worth about AU$3.4m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Apollo Tourism & Leisure Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Apollo Tourism & Leisure stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Apollo Tourism & Leisure.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
