Investors tracking insider transactions at Butler National Corp (OTC:BUKS) may take note of a recent purchase by director Michael Anthony Loh. On September 27, Loh acquired 5,000 shares of Butler National Corp's common stock at a price of $1.29 per share, amounting to a total investment of $6,450.
This transaction has increased Loh's direct ownership in the company to 89,850 shares. Insider purchases are often scrutinized by investors as they can indicate executives' confidence in the company's future performance. The details of the transaction were disclosed in a regulatory filing with the dates aligning with the executed purchase.
Butler National Corp, with a standard industrial classification in the services-miscellaneous amusement and recreation sector, is incorporated in Delaware and operates out of New Century, Kansas. The company's shares are traded over-the-counter, which is a market for securities not listed on a formal exchange.
For those following Butler National Corp's stock movements, this insider purchase may serve as an interesting data point. Michael Anthony Loh's increased stake in the company provides a glimpse into the perspective of those at the helm of the company's operations.
In other recent news, Butler National Corporation announced the appointment of retired Lieutenant General Michael Loh to its Board of Directors. This follows the voluntary departure of Aric Peters from the board. Lt. Gen. Loh, with over 40 years of service in the U.S. Air Force, including his last assignment as the Director of the U.S. Air National Guard, brings a wealth of experience to the board. His military career includes multiple deployments and over 125 combat flight hours.
The appointment of Lt. Gen. Loh is seen as a valuable asset for Butler National's growth, particularly in the aviation sector. His extensive knowledge and pilot perspective are expected to provide a significant contribution to the company's future strategy. The recent board changes are part of the ongoing 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 is trading near its 52-week high, with a strong return of 70.63% over the last year and an impressive 68.63% over the past six months. These metrics, along with the insider purchase, suggest a bullish sentiment surrounding the company's prospects.
From a valuation perspective, Butler National Corp appears attractive. According to InvestingPro data, the company has a P/E ratio of 6.72, indicating it's trading at a low earnings multiple. This could be particularly appealing to value investors. Additionally, the company's revenue for the last twelve months as of Q1 2025 stood at $81.02 million, with a healthy revenue growth of 5.13% over the same period.
InvestingPro Tips further reveal that Butler National Corp operates with a moderate level of debt and has liquid assets exceeding short-term obligations, which speaks to the company's financial stability. These factors may have contributed to Loh's decision to increase his stake in the company.
For investors seeking more comprehensive analysis, InvestingPro offers 11 additional tips for Butler National Corp, providing a deeper understanding of the company's financial health and market position.
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