Insiders Of Sky Harbour Group Reap Rewards After Their Investment Jumps Another US$727k

Insiders who bought Sky Harbour Group Corporation (NYSE:SKYH) stock in the last 12 months were richly rewarded last week. The company's market value increased by US$38m as a result of the stock's 10% gain over the same period. As a result, the stock they originally bought for US$2.45m is now worth US$3.18m.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At Sky Harbour Group

In the last twelve months, the biggest single purchase by an insider was when Independent Director Alexander Rozek bought US$1.4m worth of shares at a price of US$9.50 per share. We do like to see buying, but this purchase was made at well below the current price of US$12.32. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Alexander Rozek bought 257.75k shares over the last 12 months at an average price of US$9.50. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Sky Harbour Group

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.

Does Sky Harbour Group Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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. From our data, it seems that Sky Harbour Group insiders own 1.3% of the company, worth about US$5.5m. We do generally prefer see higher levels of insider ownership.

So What Do The Sky Harbour Group Insider Transactions Indicate?

The fact that there have been no Sky Harbour Group insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Sky Harbour Group insiders bought more shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Sky Harbour Group.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.