In a recent transaction on June 4, Matthew V. Crawford, a director and significant shareholder of Crawford United Corp (NASDAQ:OTC:CRAWA), purchased 10,000 shares of the company's Class A common stock at a price of $36.0 per share, amounting to a total investment of $360,000.
The acquisition was made public through a filing with the Securities and Exchange Commission, which disclosed the details of the purchase. Following this transaction, Matthew V. Crawford now directly holds 38,000 shares of Crawford United Corp. Additionally, indirect holdings through entities such as First Francis Company, Inc. and Three Bears Trust were reported, with 911,250 and 336,204 shares of Class A common stock, respectively, as well as 850,000 and 433,750 shares of Class B common stock.
It should be noted that Crawford has disclaimed beneficial ownership of these indirectly held securities, except to the extent of his pecuniary interest, if any. This disclaimer is standard and does not necessarily indicate a lack of confidence in the company's future performance.
Crawford United Corp, based in Cleveland, Ohio, operates in the industrial instruments sector for measurement, display, and control. The company, previously known as Hickok Inc., has a history dating back to its name change in 1995.
Investors often look to insider transactions such as these to gain insights into the confidence levels that company executives and directors have in the firm's prospects. While this purchase represents a significant addition to Crawford's direct holdings, it is essential for investors to consider the broader context and market conditions when evaluating the potential implications of insider trades.
InvestingPro Insights
Following the recent insider acquisition by Matthew V. Crawford at Crawford United Corp (NASDAQ:CRAWA), the company's financial health and market performance metrics provide additional context for investors. With a market capitalization of $138.45 million and a price-to-earnings (P/E) ratio of 11.1, which adjusts to 10.7 on a last twelve months basis as of Q1 2024, Crawford United appears to be trading at a low valuation relative to its near-term earnings growth. This is supported by a PEG ratio of 0.25 during the same period, suggesting that the company's earnings growth could be undervalued.
InvestingPro Tips spotlight a "high shareholder yield" and a "valuation that implies a strong free cash flow yield," indicating that the company may be efficiently returning value to its shareholders. Moreover, the stock has experienced a large price uptick, with a 6-month price total return of 38.9% and a year-to-date return of 22.5% as of the latest available data. This performance is noteworthy, considering the stock is currently trading at 87.87% of its 52-week high.
For those interested in a deeper dive into Crawford United's financials and performance metrics, InvestingPro offers additional insights. With 9 more InvestingPro Tips available, investors can gain a comprehensive understanding of the company's potential. To access these insights, consider using the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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