Steven Michaels (Insider Trades), CFO and president of Strategic Operations of Aaron’s Inc. (AAN), bought 3,000 shares of the company on March 7. The average price per share was $23.47 for a total transaction cost of $70,410. Aaron’s Inc. specializes in sales and lease ownership of furniture and appliances. The company has a market cap of $1.74 billion and a P/S ratio of 0.54.
The volume of insider trades per year decreased from 2014 to 2015. There were four transactions of 53,950 shares in 2014, and although there were five insider buys in 2015, they amounted to only 841 shares in total. There were only two transactions up until March 7 with a combined total of 7,000 shares. Michaels acquired 3,000 of the 7,000 shares in the aforementioned transactions, and CEO of Progressive Leasing, Ryan Woodley (Insider Trades), acquired the remaining 4,000 shares on the same day for an average per share price of $23.64. Aside from the transactions previously mentioned, Michaels sold 11,250 shares for an average price of $29.78 per share in 2012. The value has since decreased by nearly 20%. The number and volume of insider sells per year decreased from 19 transactions totaling 406,848 shares in 2013, to two insider sells of 9,335 shares in 2015. The increase in insider buys in 2015 correlates to a dip in month end price in early 2015. The month end price has since dropped lower, which may spark an increase in AAN insider buys in the early months of 2016. For more information about insider transactions with AAN, click here. Continue Reading »