Don't Ignore The Fact That This Insider Just Sold Some Shares In Air Industries Group (NYSEMKT:AIRI)

We'd be surprised if Air Industries Group (NYSEMKT:AIRI) shareholders haven't noticed that an insider, David Richmond, recently sold US$106k worth of stock at US$1.20 per share. The eyebrow raising move amounted to a reduction of 11% in their holding.

View our latest analysis for Air Industries Group

The Last 12 Months Of Insider Transactions At Air Industries Group

Notably, that recent sale by David Richmond is the biggest insider sale of Air Industries Group shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$1.16. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we can see that insiders have bought 79.63k shares worth US$119k. But insiders sold 88.59k shares worth US$106k. Overall, Air Industries Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Air Industries Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Air Industries Group Boast High Insider Ownership?

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 Air Industries Group insiders own 24% of the company, worth about US$8.9m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Air Industries Group Insider Transactions Indicate?

An insider sold Air Industries Group shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. And insiders do own shares. So we're not overly bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 4 warning signs for Air Industries Group (1 is a bit concerning!) and we strongly recommend you look at these before investing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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