In a recent transaction, Michael Anthony Loh, a director at Butler National Corp (OTC:BUKS), purchased shares of the company's common stock. The transaction, which took place on September 26, 2024, involved the acquisition of 2,000 shares at a price of $1.31 per share, amounting to a total investment of $2,620.
This buy transaction reflects a continued confidence in the company from its executive leadership. Following the purchase, Loh's stake in the company increased to 84,850 shares of common stock. The acquisition is a direct ownership transaction, indicating that the shares are held personally by Loh rather than through a trust or other entity.
Butler National Corp, which operates in the miscellaneous amusement and recreation services industry, has its corporate headquarters in New Century, Kansas. The company's business address and mail address are both listed as One Aero Plaza, New Century, KS, 66031.
Investors often monitor insider transactions such as these for signals about executives' perspectives on the value and future prospects of their company's stock. While this transaction represents a positive sign of an insider’s commitment to the company, investors typically consider a range of information beyond insider transactions when making investment decisions.
The details of the transaction were disclosed in accordance with the SEC requirements for insider trades. Michael A. Loh's signature was filed on September 27, 2024, confirming the accuracy and completion of the report.
In other recent news, Butler National Corporation has seen changes to its Board of Directors, with the addition of retired Lieutenant General Michael Loh. This follows the voluntary departure of Aric Peters. Lt. Gen. Loh brings over 40 years of service to the board, including his tenure as the Director of the U.S. Air National Guard where he managed a $14 billion budget and oversaw policies for over 108,400 personnel. His military career includes multiple deployments and over 125 combat flight hours.
Christopher Reedy, President and CEO of Butler National, expressed positive sentiments about Loh's appointment, highlighting his vast knowledge, experience, and pilot perspective as valuable assets for the company's growth. Mr. Aric Peters, VP and Director of Sales at Butler National, also welcomed Lt. Gen. Loh, anticipating potential expansion in sales opportunities, especially regarding Special Mission Modifications. These are the recent developments at Butler National Corporation.
InvestingPro Insights
Michael Anthony Loh's recent purchase of Butler National Corp (OTC:BUKS) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock has shown strong performance, with InvestingPro data revealing a 76.15% price total return over the past year and an impressive 70.58% return over the last six months. This upward trend supports the director's decision to increase his stake in the company.
InvestingPro Tips suggest that BUKS is trading at a low earnings multiple, with a P/E ratio of 6.72. This could indicate that the stock is potentially undervalued, which may have influenced Loh's decision to purchase additional shares. Additionally, the company operates with a moderate level of debt and has liquid assets exceeding short-term obligations, pointing to a solid financial position.
The company's profitability is also noteworthy, with InvestingPro data showing a gross profit margin of 44.99% and an operating income margin of 19.3% for the last twelve months as of Q1 2025. These figures suggest that Butler National Corp is efficiently managing its operations and generating healthy profits.
For investors seeking more comprehensive analysis, InvestingPro offers 11 additional tips for BUKS, providing a deeper understanding of the company's financial health and market position.
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