John Patrick Nelson, President and Director of Ames National Corp (NASDAQ:ATLO), recently purchased 1,198 shares of the company's common stock. The transaction, which took place on October 25, was executed at a price of $16.70 per share, amounting to a total value of $20,006. Following this acquisition, Nelson now holds 17,650 shares directly. Additionally, a footnote in the filing indicates that 730 shares were acquired through dividend reinvestment in an employee savings plan from January 1 to September 30, 2024, bringing his total holdings to 18,380 shares.
InvestingPro Insights
John Patrick Nelson's recent purchase of Ames National Corp (NASDAQ:ATLO) shares comes at a time when the company's stock has experienced significant price movement. According to InvestingPro data, ATLO's stock price has fallen by 16.31% over the last three months, with the current price at $17.23 representing 76.58% of its 52-week high.
Despite this recent decline, ATLO has demonstrated a commitment to shareholder returns. An InvestingPro Tip highlights that the company has maintained dividend payments for 27 consecutive years, with a current dividend yield of 4.64%. This long-standing dividend history may have influenced Nelson's decision to increase his stake in the company.
Another relevant InvestingPro Tip notes that ATLO has been profitable over the last twelve months, which is a positive sign for investors considering the company's financial health. The company's price-to-book ratio of 0.84 suggests that the stock may be undervalued relative to its book value, potentially making it an attractive investment at current levels.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics beyond those mentioned here. The platform currently lists 5 more tips for ATLO, providing a deeper insight into the company's financial position and market performance.
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