Independent Director of Amplify Energy Todd Snyder Buys 30% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Amplify Energy Corp. (NYSE:AMPY) Independent Director, Todd Snyder, recently bought US$96k worth of stock, for US$3.83 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 30%.

View our latest analysis for Amplify Energy

The Last 12 Months Of Insider Transactions At Amplify Energy

In fact, the recent purchase by Todd Snyder was the biggest purchase of Amplify Energy 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 US$4.04. 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. The good news for Amplify Energy share holders is that insiders were buying at near the current price.

Happily, we note that in the last year insiders paid US$211k for 55.00k shares. On the other hand they divested 6.00k shares, for US$42k. In the last twelve months there was more buying than selling by Amplify Energy insiders. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Amplify Energy

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Amplify Energy insiders own about US$5.1m worth of shares (which is 3.2% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Amplify Energy Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Amplify Energy insiders are reasonably well aligned, and optimistic for the future. 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Amplify Energy.

Of course Amplify Energy 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 of direct interests only, but not derivative transactions or indirect interests.

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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.