Investors following Ameresco, Inc. (NYSE:AMRC) may be interested in recent transactions by the company's Executive Vice President and Chief Financial Officer, Spencer Doran Hole. On March 19, 2024, Hole sold a total of 108 shares of Ameresco's Class A Common Stock at an average price of $20.53 per share, amounting to a total of $2,217.
This sale was executed under an automatic sell-to-cover instruction that was established on March 6, 2023, to cover applicable withholding taxes associated with the partial vesting of Restricted Stock Units (RSUs). The RSUs, which represent a contingent right to receive shares of Ameresco's Class A Common Stock, were granted to Hole on March 17, 2023, and are set to vest in 25% increments every six months from the grant date.
Additionally, Hole acquired 295 shares of Class A Common Stock on March 17, 2024, through the exercise of derivative securities, specifically RSUs, at no cost. This transaction did not affect the total dollar value, as the price per share was $0.0. The RSUs are part of a grant that entitles Hole to receive a total of 1,180 shares of Common Stock upon vesting.
Following these transactions, Hole's direct ownership in the company includes 1,878 shares of Class A Common Stock. It's also noted that within the reporting period, Hole has purchased an additional 403 shares under the company's Employee Stock Purchase Plan (ESPP) from June 1, 2023, to November 30, 2023.
Investors often monitor insider transactions as they can provide insights into executives' confidence in the company's future performance. The details of these transactions are publicly disclosed as per regulatory requirements, allowing shareholders and potential investors to stay informed about significant insider activity.
InvestingPro Insights
As Ameresco, Inc. (NYSE:AMRC) navigates through the market, recent financial metrics and InvestingPro Tips offer a deeper understanding of the company's current standing. With a market capitalization of $1.05 billion and a P/E ratio that stands at 16.43 for the last twelve months as of Q4 2023, Ameresco appears to be trading at a value reflective of its earnings.
Despite recent insider transactions that may signal executive confidence, Ameresco's stock price has experienced significant volatility. According to InvestingPro Tips, the stock has seen a substantial price decline over the past year, with a one-year total return of -53.79% as of the data cutoff. This could be indicative of broader market trends or company-specific challenges. Additionally, analysts have revised their earnings expectations downwards for the upcoming period, hinting at potential headwinds for the company.
Investors looking at the company's fundamentals will note that Ameresco has been profitable over the last twelve months, with a basic EPS (Continuing Operations) of $1.20. However, the company is also noted to operate with a significant debt burden and has been quickly burning through cash, which are factors that could affect its long-term financial stability.
For those seeking a more comprehensive analysis, there are 12 additional InvestingPro Tips available, which can be accessed by visiting https://www.investing.com/pro/AMRC. These tips may further guide investment decisions, especially for those considering the company's potential for growth versus the risks posed by its debt and cash flow concerns. To enrich your investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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