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Joseph Patrick Daly, a director and significant shareholder of Butler National Corp (OTC:BUKS), a company currently valued at $118.3 million and trading at an attractive P/E ratio of 8.3x, recently purchased shares in a series of transactions. On March 21, Daly acquired a total of 74,900 shares of Butler National’s common stock. The purchases were made at prices ranging from $1.73 to $1.75 per share, amounting to a total transaction value of approximately $130,975. The timing appears strategic, as InvestingPro data shows the stock has delivered an impressive 124% return over the past year, with the company maintaining a "GREAT" overall financial health score.
These transactions increase Daly’s stake in the company, with the shares acquired both directly and indirectly through EssigPR, Inc. This move follows a smaller acquisition on March 20, where Daly acquired 7,886 shares at $1.585 each, further consolidating his position in the company.
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