AMA Group Director Brian Austin Increases Indirect Shareholding

Ama Group Limited ( (AU:AMA) ) just unveiled an update.

AMA Group Limited has disclosed a change in director Brian Austin’s interests, indicating an increase in his indirect shareholding through a related superannuation entity. Austin acquired 20,000 ordinary shares on-market at $0.49 per share, lifting his indirect holding to 11,271,953 ordinary shares while his direct restricted rights position remains unchanged.

The on-market purchase signals continued alignment of the director’s interests with those of shareholders, as Austin increases his exposure to the company’s equity. The transaction, carried out outside a closed trading period, may be viewed by investors as a modest vote of confidence in AMA Group’s prospects and ongoing strategy without altering its capital structure.

The most recent analyst rating on (AU:AMA) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Ama Group Limited stock, see the AU:AMA Stock Forecast page.

More about Ama Group Limited

AMA Group Limited operates in the automotive services sector, with a focus on vehicle repairs and related services in the Australian market. The company’s operations involve managing a network of facilities and working closely with insurers, fleet operators, and individual customers to deliver repair and maintenance solutions.

Average Trading Volume: 758,538

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$231.1M

Learn more about AMA stock on TipRanks’ Stock Analysis page.