Advertisement
UK markets closed
  • NIKKEI 225

    39,594.39
    -4.61 (-0.01%)
     
  • HANG SENG

    17,469.36
    -166.52 (-0.94%)
     
  • CRUDE OIL

    77.25
    -1.15 (-1.47%)
     
  • GOLD FUTURES

    2,405.90
    +11.20 (+0.47%)
     
  • DOW

    40,472.69
    +57.25 (+0.14%)
     
  • Bitcoin GBP

    51,085.54
    -1,239.41 (-2.37%)
     
  • CMC Crypto 200

    1,360.13
    -25.13 (-1.82%)
     
  • NASDAQ Composite

    18,028.72
    +21.15 (+0.12%)
     
  • UK FTSE All Share

    4,479.49
    -15.97 (-0.36%)
     

Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist ...

On June 14, 2024, Frank Kavanaugh, CEO & President, 10% Owner of Medalist Diversified REIT Inc (NASDAQ:MDRR), purchased 17,340 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 357,340 shares of Medalist Diversified REIT Inc.

Medalist Diversified REIT Inc is involved in acquiring, repositioning, renovating, leasing, and managing income-producing properties, with a focus on commercial real estate.

Over the past year, Frank Kavanaugh has significantly increased his holdings in the company, purchasing a total of 210,015 shares. This latest transaction is part of a broader trend observed within the company, where there have been 38 insider buys and no insider sells over the past year.

ADVERTISEMENT

Shares of Medalist Diversified REIT Inc were priced at $5.89 on the day of the transaction. The company currently has a market cap of $13.464 million.

According to the GF Value, the intrinsic value of the stock is estimated at $5.00, which suggests that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.18. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.

Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)
Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)
Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)
Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)

This insider buying activity could be a signal to investors about the insiders confidence in the future prospects of Medalist Diversified REIT Inc.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.