Yahoo Finance Insider Buying: The CTO Realty Growth, Inc. (NYSEMKT:CTO) Independent Director Just Bought 27% More Shares
Even if it's not a huge purchase, we think it was good to see that George Brokaw, the Independent Director of CTO Realty Growth, Inc. (NYSEMKT:CTO) recently shelled out US$80k to buy stock, at US$40.46 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 27%.
See our latest analysis for CTO Realty Growth
CTO Realty Growth Insider Transactions Over The Last Year
Notably, that recent purchase by George Brokaw is the biggest insider purchase of CTO Realty Growth shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$42.13. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the CTO Realty Growth insiders decided to buy shares at close to current prices.
While CTO Realty Growth insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that CTO Realty Growth insiders own about US$9.5m worth of shares (which is 4.8% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The CTO Realty Growth Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that CTO Realty Growth insiders are expecting a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that CTO Realty Growth has 5 warning signs (2 are potentially serious!) that deserve your attention before going any further with your analysis.
Of course CTO Realty Growth may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
