There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 4, Ameresco Inc.'s CEO, George P. Sakellaris, invested $149,948.50 into 14,000 shares of AMRC, for a cost per share of $10.71. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Wednesday, bargain hunters could buy shares of Ameresco Inc. (NYSE: AMRC) and achieve a cost basis 15.5% cheaper than Sakellaris, with shares changing hands as low as $9.05 per share. Ameresco Inc. shares are currently trading up about 1% on the day. The chart below shows the one year performance of AMRC shares, versus its 200 day moving average:
Looking at the chart above, AMRC's low point in its 52 week range is $8.29 per share, with $14.73 as the 52 week high point — that compares with a last trade of $9.05. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/31/2012 | Francis V. Wisneski Jr. | Director | 1,400 | $10.78 | $15,096.00 |
| 05/31/2012 | George P. Sakellaris | President and CEO | 6,000 | $10.77 | $64,620.00 |
| 05/31/2012 | Francis V. Wisneski Jr. | Director | 1,400 | $10.78 | $15,096.00 |
| 05/31/2012 | George P. Sakellaris | President and CEO | 6,000 | $10.77 | $64,620.00 |
| 06/04/2012 | George P. Sakellaris | President and CEO | 14,000 | $10.71 | $149,948.50 |
According to the ETF Finder at ETF Channel, AMRC makes up 2.23% of the WilderHill Clean Energy Portfolio ETF (AMEX: PBW)which is trading up by about 0.2% on the day Wednesday.
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