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Joseph Patrick Daly, a director and ten percent owner at Butler National Corp (OTC:BUKS), recently acquired a significant amount of the company’s common stock. According to a filing with the Securities and Exchange Commission, Daly purchased shares over two days, March 18 and March 19, totaling $132,124. The shares were bought at prices ranging from $1.59 to $1.65 per share. The timing appears strategic, as InvestingPro data shows BUKS trading at an attractive P/E ratio of 7.3x, with the stock delivering an impressive 117% return over the past year.
The transactions increased Daly’s direct ownership to 4,275,000 shares. An additional 100 shares were purchased indirectly through EssigPR, Inc., a company associated with Daly, bringing his total holdings to 4,250,100 shares. This activity underscores Daly’s ongoing investment in Butler National Corp, a company engaged in miscellaneous amusement and recreation services. With a market capitalization of $113 million and an "GREAT" financial health score according to InvestingPro, which offers 6 additional key insights about the company’s performance and valuation, Butler National appears well-positioned for continued growth.
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