In a recent transaction, Michael Anthony Loh, a director at Butler National Corp (OTC:BUKS), purchased 3,000 shares of the company's common stock, indicating a vote of confidence in the firm's future prospects. The transaction, which took place on October 2, 2024, involved shares bought at a price of $1.27 each, amounting to a total investment of $3,810.
Michael Anthony Loh's acquisition has increased his stake in the company, now holding a total of 94,850 shares following the purchase. This move by a key insider is often interpreted by investors as a signal of the director's belief in the company's value and potential for growth.
Butler National Corp, with its trading symbol OTC:BUKS, operates in the miscellaneous amusement and recreation sector, providing a variety of services. The company, which is incorporated in Delaware, has a history dating back to its former name, National Connector Corp, which was changed in 1970.
Insider transactions like these are closely watched by market participants as they can provide insights into a company's internal dynamics and the perspectives of those who know it best. With this latest purchase by Director Loh, investors may take a closer look at Butler National Corp's performance and future outlook.
In other recent news, Butler National Corporation has made significant changes to its Board of Directors. The company recently announced the addition of retired Lieutenant General Michael Loh, following the voluntary departure of Aric Peters. Lt. Gen. Loh is a highly experienced individual, having served the U.S. Air Force for over 40 years. His last assignment involved managing a $14 billion budget and overseeing policies for over 108,400 personnel as the Director of the U.S. Air National Guard.
Christopher Reedy, President and CEO of Butler National, and Mr. Aric Peters, VP and Director of Sales, have both expressed their enthusiasm for Lt. Gen. Loh's appointment. They believe his extensive knowledge, experience, and pilot perspective will be valuable assets for the company's growth, especially in the aviation sector. This recent development is expected to potentially expand sales opportunities, particularly in Special Mission Modifications.
InvestingPro Insights
The recent insider purchase by Director Michael Anthony Loh aligns with several positive indicators for Butler National Corp (OTC:BUKS) highlighted by InvestingPro data and tips.
According to InvestingPro, BUKS is currently trading at a low earnings multiple, with a P/E ratio of 6.72. This suggests that the stock may be undervalued relative to its earnings, potentially supporting Director Loh's decision to increase his stake in the company.
The company has demonstrated strong financial performance, with InvestingPro data showing a revenue of $81.02 million in the last twelve months as of Q1 2025, and an impressive EBITDA growth of 56.47% over the same period. This growth is reflected in the stock's performance, with InvestingPro Tips noting a "high return over the last year" and a "strong return over the last three months."
Additionally, Butler National Corp appears to be in a solid financial position. An InvestingPro Tip indicates that the company's "liquid assets exceed short term obligations," suggesting good short-term financial health. This is complemented by another tip stating that BUKS "operates with a moderate level of debt," which may provide the company with financial flexibility for future growth initiatives.
These insights from InvestingPro provide context to Director Loh's recent share purchase and may offer valuable information for investors considering BUKS stock. For those seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for Butler National Corp, providing a deeper understanding of the company's financial health and market position.
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