Ameresco (NYSE:AMRC) provides energy efficiency solutions for facilities primarily in North America.
Insider buying during the last 30 days
Here is a table of Ameresco's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Rule 10b5-1 Plan||Current Ownership||Increase In Shares|
|Francis Wisneski||Director||May 12-13||3,500||No||42,035 shares||+9.1%|
|Michael Jesanis||Director||May 12||2,000||No||10,000 shares||+25.0%|
|Douglas Foy||Director||May 12||3,000||No||9,000 shares||+50.0%|
|George Sakellaris||CEO||April 15||73,689||Yes||3,660,626 shares||+2.1%|
There have been 82,189 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Ameresco's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 512,426 shares purchased and there have been 131,237 shares sold by insiders since January 2013. The month of March 2014 has seen the most insider buying.
Ameresco reported the first-quarter financial results on May 8 with the following highlights:
|Net loss||$8.3 million|
Three of these four insiders purchased their shares after these results.
Ameresco's 2014 guidance is as follows:
|Net income||$8-$14 million|
|Qtrly Rev Growth (yoy):||-0.09||-0.06||0.04|
|PEG (5 yr expected):||4.17||2.16||0.93|
Ameresco has the lowest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Ameresco has seen intensive insider buying during the last 30 days.
There have been four different insiders buying Ameresco, and there have not been any insiders selling Ameresco during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Ameresco has an insider ownership of 33.94%.
The four insiders purchased their shares at prices ranging from $5.84 to $7.00. I believe Ameresco could be a good pick below $7 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AMRC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.