Trade Alert: The Executive Chairman Of Aegean Airlines S.A. (ATH:AEGN), Eftichios Vassilakis, Has Just Spent €83k Buying 1.7% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Aegean Airlines S.A. (ATH:AEGN) Executive Chairman, Eftichios Vassilakis, recently bought €83k worth of stock, for €4.13 per share. Although the purchase is not a big one, increasing their shareholding by only 1.7%, it can be interpreted as a good sign.

View our latest analysis for Aegean Airlines

Aegean Airlines Insider Transactions Over The Last Year

In fact, the recent purchase by Eftichios Vassilakis was the biggest purchase of Aegean Airlines shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of €4.34. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. Eftichios Vassilakis was the only individual insider to buy during the last year.

Eftichios Vassilakis bought a total of 33.77k shares over the year at an average price of €4.12. 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.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Aegean Airlines insiders own about €21m worth of shares. That equates to 6.8% of the company. 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 we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Aegean Airlines insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Aegean Airlines has 3 warning signs (and 1 which is potentially serious) we think you should know about.

Of course Aegean Airlines 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. 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.
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