Insider Trading Report: Apollo Medical Holdings (AMEH)

Allied Physicians of California, a major holder in Apollo Medical Holdings (AMEH), recently added 100,000 shares. The buy increased the organization’s position by just under 1 percent, and came to a total cost of $2.45 million.

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  • The group has been both a buyer and seller of shares in the past year. Other company insiders, largely C-level executives have mostly been buyers in the past year, with a smattering of sales.

    Overall, company insiders own about 19 percent of company shares. The company provides medical services through networks and hospitals in California. The company is focused on implementing new technologies into healthcare services as well, a trend that has played strongly in the past year.

    Shares of the company have more than doubled in the past year, recently clearing a $1 billion market cap. The company is closing in on an all-time high of $30 last set in 2018. If it clears that, it could head far higher.

    Action to take: Healthcare services are likely to remain strong, even in the post-pandemic era. That points to a continued uptrend in shares, although the pace of that uptrend may slow in time. The relatively high percentage of ownership suggests company management’s interests are aligned with those of shareholders.

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  • Given the company’s rapid advance in share price and market cap, options are still unavailable for the company. While shares don’t pay a dividend, investors can still likely play the current uptrend for continued profits in the months ahead.

     

    Disclosure: The author of this article has no positions in the stock mentioned here, and does not intend to make a trade on this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.