Director Gregory Graves of Janel Corp (OTCMKTS:JANL), a business services provider, has recently acquired additional shares of the company's stock, according to the latest SEC filings. Over a series of transactions, Graves purchased shares valued at a total of approximately $14,606.
The transactions took place over three consecutive days, starting from June 4, 2024. On the first day, Graves bought 113 shares at $42.0 each. The following day, he added 202 shares to his holdings, paying $42.5 per share. He concluded the buying spree on June 6 with a purchase of 30 shares, also at $42.5 each. These transactions increased his total ownership in Janel Corp to 2,300 shares.
This series of purchases by a company director may be of interest to investors, as it reflects a personal investment decision and confidence in the company's prospects. The price range for these purchases was between $42.0 and $42.5 per share.
Janel Corp, incorporated in Nevada, operates in the diverse field of business services and has its headquarters located at 80 Eighth Avenue, New York. The company's stock is traded on the OTC Markets under the ticker symbol JANL. As with any insider transactions, these recent purchases are publicly reported to provide transparency and to comply with SEC regulations.
InvestingPro Insights
Janel Corp's (OTCMKTS:JANL) recent insider transactions coincide with notable metrics that may interest investors. Director Gregory Graves' additional share purchases align with an InvestingPro Tip highlighting the stock's strong return over the last month, with a 26.87% increase. This could signal confidence in Janel Corp's short-term performance prospects.
Analyzing the company's financial health, InvestingPro Data reveals a market capitalization of $50.42M, suggesting a relatively small-cap enterprise. Despite the company's profitability over the last twelve months, its P/E ratio stands at a high 128.45. This valuation metric indicates that the stock is trading at a premium, which is further supported by the adjusted P/E ratio for the last twelve months as of Q2 2024, coming in at 111.57.
Investors may also note that Janel Corp does not pay a dividend to shareholders, another InvestingPro Tip that could be relevant for those focused on income-generating stocks. For a more comprehensive analysis and additional tips, including insights on the company's PEG ratio and price/book value, interested parties can explore InvestingPro's full suite of tools and tips. There are 11 additional InvestingPro Tips available for Janel Corp, which can be accessed with a subscription. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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