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Non-Executive Chairman Arunkumar Mahabir Jatia Just Bought A Handful Of Shares In AMJ Land Holdings Limited (NSE:AMJLAND)
Whilst it may not be a huge deal, we thought it was good to see that the AMJ Land Holdings Limited (NSE:AMJLAND) Non-Executive Chairman, Arunkumar Mahabir Jatia, recently bought ₹499k worth of stock, for ₹24.95 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
See our latest analysis for AMJ Land Holdings
AMJ Land Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Arunkumar Mahabir Jatia is the biggest insider purchase of AMJ Land Holdings shares that we've seen in the last year. That implies that an insider found the current price of ₹27.10 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 AMJ Land Holdings share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Arunkumar Mahabir Jatia.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
AMJ Land Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of AMJ Land Holdings
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. It appears that AMJ Land Holdings insiders own 27% of the company, worth about ₹277m. 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 AMJ Land Holdings Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest AMJ Land Holdings insiders are well aligned, and quite possibly think the share price is too low. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AMJ Land Holdings. In terms of investment risks, we've identified 5 warning signs with AMJ Land Holdings and understanding them should be part of your investment process.
But note: AMJ Land Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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About NSEI:AMJLAND
AMJ Land Holdings
Through its subsidiary, develops and leases real estate properties in India.
Flawless balance sheet with solid track record.