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Insider Buying: Independent Director of Adtalem Global Education Inc. (NYSE: ATGE) Just Bought 28% More Shares

Potential Adtalem Global Education Inc. (NYSE: ATGE) Shareholders may want to note that independent director Michael Malafronte recently purchased $294,000 worth of shares, paying $24.30 for each share. It’s a very decent buy in our eyes and it increased their stake by 28%.

Check out our latest analysis for Adtalem Global Education

The last 12 months of insider trading at Adtalem Global Education

In fact, the recent purchase by independent director Michael Malafronte was not their only acquisition of Adtalem Global Education shares this year. Earlier in the year, they paid US$32.99 per share on a US$709,000 purchase. This means that an insider was happy to buy shares above the current price of US$23.76. Although their perspective has changed since the purchase, it at least suggests that they have confidence in the future of the company. We always take careful note of the price paid by insiders when buying stocks. Generally speaking, it comes to our attention when insiders have bought stocks at higher prices than they are now, as it suggests that they thought the stock was worth buying, even at a higher price.

Adtalem Global Education insiders may have bought shares in the past year, but they haven’t sold any. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. By clicking on the graph below, you will be able to see the precise detail of each insider trade!

NYSE: ATGE Insider Trading Volume February 14, 2022

Adtalem Global Education isn’t the only stock insiders are buying. So take a look at this free list of growing companies with insider buying.

Adtalem Global Education Insider Ownership

Many investors like to check how much a company is owned by insiders. We generally like to see fairly high levels of insider ownership. Insiders of Adtalem Global Education own approximately $17 million in stock. This equates to 1.5% of the business. This level of insider ownership is good, but just short of being particularly noteworthy. This certainly suggests a reasonable degree of alignment.

What could insider trading at Adtalem Global Education tell us?

Good to see recent purchases. We also rely on the longer-term picture of insider trading. Insiders likely see value in Adtalem Global Education stock, given these transactions (as well as notable insider ownership of the company). So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. For example, we have identified 4 warning signs for Adtalem Global Education (1 is concerning) that you should be aware of.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.