GuruFocus - On August 5, 2024, Kesteren Van, a Director at Janel Corp (JANL), purchased 13,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 33,000 shares of Janel Corp.
Janel Corp operates as a logistics provider, offering supply chain and logistics solutions to its clients. The company's services include freight forwarding, customs brokerage, and warehousing, among others.
The transaction occurred with shares priced at $35 each, placing the total value of the purchase at $455,000. This acquisition has increased Kesteren Van's holdings significantly, reflecting a strong commitment to the company. Over the past year, the insider has purchased a total of 28,050 shares and has not sold any shares.
The insider transaction history for Janel Corp shows a trend of more insider buying than selling over the past year, with 11 insider buys and only 1 insider sell.
Shares of Janel Corp were trading at $35 on the day of the transaction, giving the company a market cap of $43.895 million. The price-earnings ratio stands at 80.43, significantly higher than both the industry median and the company's historical median.
According to the GF Value, Janel Corp is currently significantly overvalued, with a price-to-GF-Value ratio of 1.43. The GF Value of $24.45 is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider buy could signal a positive outlook from the director, despite the current valuation metrics suggesting a high price relative to intrinsic value. Investors often look at insider transactions as a sign of confidence in the company's future prospects.
For more detailed information on Janel Corp's financial metrics, such as price-sales ratio, price-book ratio, and price-to-free cash flow, visit the respective links.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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