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From what we can see, insiders were net buyers in Artisan Partners Asset Management Inc.'s (NYSE:APAM ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
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.
The Last 12 Months Of Insider Transactions At Artisan Partners Asset Management
Notably, that recent purchase by Tench Coxe is the biggest insider purchase of Artisan Partners Asset Management shares that we've seen in the last year. That implies that an insider found the current price of US$45.75 per share to be enticing. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Artisan Partners Asset Management share holders is that an insider was buying at near the current price. Tench Coxe was the only individual insider to buy shares in the last twelve months.
Tench Coxe purchased 318.00k shares over the year. The average price per share was US$47.14. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Artisan Partners Asset Management is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Artisan Partners Asset Management 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. Artisan Partners Asset Management insiders own about US$115m worth of shares (which is 3.2% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Artisan Partners Asset Management Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Artisan Partners Asset Management. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with Artisan Partners Asset Management and understanding it should be part of your investment process.
Of course Artisan Partners Asset Management may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.