Executive Chairman Eftichios Vassilakis Just Bought 3.3% More Shares In Aegean Airlines S.A. (ATH:AEGN)

Investors who take an interest in Aegean Airlines S.A. (ATH:AEGN) should definitely note that the Executive Chairman, Eftichios Vassilakis, recently paid €4.35 per share to buy €174k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.3%.

Check out our latest analysis for Aegean Airlines

Aegean Airlines Insider Transactions Over The Last Year

Notably, that recent purchase by Eftichios Vassilakis is the biggest insider purchase of Aegean Airlines shares that we've seen in the last year. That implies that an insider found the current price of €5.03 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Aegean Airlines share holders is that an insider was buying at near the current price. Eftichios Vassilakis was the only individual insider to buy shares in the last twelve months.

Eftichios Vassilakis bought a total of 120.79k shares over the year at an average price of €3.98. 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!

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.

Does Aegean Airlines Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Aegean Airlines insiders own 6.9% of the company, worth about €24m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Aegean Airlines Insiders?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. 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 Aegean Airlines 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 Aegean Airlines. To help with this, we've discovered 2 warning signs (1 is significant!) that you ought to be aware of before buying any shares in Aegean Airlines.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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