A Director at Atlantic Power Corp (NYSE: AT) is Buying Shares

By Carrie Williams

Today, a Director at Atlantic Power Corp (ATResearch Report), Gilbert Samuel Palter, bought shares of AT for $56.25K.

This recent transaction increases Gilbert Samuel Palter’s holding in the company by 4.17% to a total of $1.43 million. In addition to Gilbert Samuel Palter, 2 other AT executives reported Buy trades in the last month.

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AT’s market cap is $250.1M and the company has a P/E ratio of 8.50. The Company has a Price to Book ratio of 54.3634. Currently, Atlantic Power Corp has an average volume of 466.2K.

In the last 30 days, insiders have sold $163.8K worth of AT shares and purchased $278.1K worth of AT shares. The insider sentiment on Atlantic Power Corp has been neutral according to 14 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Atlantic Power Corp. is a power producer company, which engages in owning power generation assets. The firm operates through its segments: East U.S., West U.S., Canada and Un-Allocated Corporate. It projects sell electricity and steam to investment-grade utilities and creditworthy large customers under long term Power Purchase Agreements.