S&P/ASX 300 Index (ASX: XKO) shares are in the red on Friday, down 0.44% to 7,090.9 points.
With earnings season now over, we are seeing a bunch of ASX 300 board directors buying or selling shares in the businesses they run.
Today, we reveal that the founder and executive chair of APM Human Services International Ltd (ASX: APM), Megan Wynne has invested another $2 million in her company.
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ASX 300 boss executes massive shares buy-up
According to an ASX lodgement, Wynne purchased 1.1 million new shares in her international health and human services business on Tuesday.
The total consideration for the on-market trade was $1,988,250.
The purchase was made through a family trust.
This takes Wynne's personal stake in the ASX 300 share — via direct and indirect holdings — to 212.7 million shares.
Meantime, independent non-executive director Robert Melia has also raised his personal stake in APM.
He purchased 100,000 APM shares via two transactions on-market on 31 August and 1 September.
Melia paid a total of $180,739.90 for the additional APM shares.
Melia now holds a total of 1.665 million shares.
Other ASX 300 directors buying or selling shares
Other examples of ASX 300 directors buying or selling shares in their companies include:
- NIB Holdings Limited (ASX: NHF) CEO Mark Fitzgibbon sold 70,000 NIB shares worth over $500,000
- IGO Ltd (ASX: IGO) chair Michael Nossal purchased 20,000 IGO shares worth $276,000
- Champion Iron Ltd (ASX: CIA) executive chair Michael O'Keeffe sold two million shares for $11.9 million
- CSL Limited (ASX: CSL) chair Dr Brian McNamee AO sold 21,000 CSL shares worth $5.58 million
What's the latest news from APM?
APM was among the ASX 300 companies that delivered the biggest profit jumps of the season.
APM reported a 72% increase in its statutory net profit after tax before amortisation of customer contracts (NPATA) to $159 million.
The ASX 300 company will pay a fully franked final dividend of 5 cents per share, in line with FY22.
The APM share price rose 2.84% in response to the full-year report.
Should you buy APM shares, too?
Broker Bell Potter reckons this ASX 300 share is a buy following its FY23 report.
It has raised its rating on APM shares to a buy with a 12-month share price target of $2.21.
The APM share price is currently trading for $1.83, up 0.11% on Friday.
So, Bell Potter's price target implies a potential 21% upside for investors who buy the ASX 300 share today.
APM shares have fallen 25% in the year to date.
