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Insiders saw their US$2.8m investment bump up to US$3.1m after Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) soared 5.1% last week
- Published
- January 13, 2022
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 5.1% resulting in a US$137m addition to the company’s market value. Put another way, the original US$2.8m acquisition is now worth US$3.1m.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Fortress Transportation and Infrastructure Investors
Fortress Transportation and Infrastructure Investors Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Martin Tuchman bought US$2.6m worth of shares at a price of US$25.50 per share. That means that an insider was happy to buy shares at around the current price of US$28.31. 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. 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. Happily, the Fortress Transportation and Infrastructure Investors insiders decided to buy shares at close to current prices.
Fortress Transportation and Infrastructure Investors insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Fortress Transportation and Infrastructure Investors is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.1% of Fortress Transportation and Infrastructure Investors shares, worth about US$31m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Fortress Transportation and Infrastructure Investors Tell Us?
The fact that there have been no Fortress Transportation and Infrastructure Investors insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Fortress Transportation and Infrastructure Investors insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Fortress Transportation and Infrastructure Investors. You'd be interested to know, that we found 2 warning signs for Fortress Transportation and Infrastructure Investors and we suggest you have a look.
But note: Fortress Transportation and Infrastructure Investors 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. 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.