Joseph Patrick Daly, a director and significant shareholder of Butler National Corp (OTC:BUKS), has increased his stake in the company. According to a recent SEC filing, Daly acquired 6,500 shares of Butler National common stock on January 8, 2025, at a price of $1.72 per share. This transaction amounts to a total purchase value of $11,180. The purchase comes as Butler National, currently valued at $116 million, shows strong momentum with a 118% return over the past year. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Following this acquisition, Daly's direct ownership in Butler National stands at 4,116,500 shares. Additionally, Daly holds an indirect stake of 4,250,000 shares through EssigPR, Inc. This move reflects Daly's continued confidence in Butler National, a company operating in the miscellaneous amusement and recreation services sector. The company maintains a perfect Piotroski Score of 9, with InvestingPro data revealing 10+ additional bullish indicators available to subscribers, including strong financial health metrics and attractive valuation multiples.
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