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Joseph Patrick Daly, a director and significant shareholder of Butler National Corp (OTC:BUKS), recently increased his holdings in the company. According to a recent SEC filing, Daly purchased a total of 71,000 shares of common stock in a series of transactions conducted on April 4 and April 7, 2025. The shares were acquired at prices ranging from $1.40 to $1.57 per share, amounting to an aggregate purchase value of $105,266. The timing is notable as InvestingPro data shows the stock has declined nearly 13% in the past week, while maintaining an impressive 74% return over the past year.
These transactions increased Daly's direct ownership to approximately 4,347,886 shares. Additionally, some of the shares were acquired indirectly through EssigPR, Inc., further reflecting Daly's confidence in the company's prospects. Butler National Corp, known for its miscellaneous amusement and recreation services, continues to be a focus for Daly as he strengthens his investment position. The company, currently valued at $95.32 million, trades at an attractive P/E ratio of 8.29 and maintains healthy liquidity with a current ratio of 1.69. According to InvestingPro, the stock appears undervalued based on its Fair Value analysis, with 8 additional exclusive insights available to subscribers.
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