Yahoo Finance William Lenehan Is The President of Four Corners Property Trust, Inc. (NYSE:FCPT) And They Just Picked Up 1.6% More Shares
Investors who take an interest in Four Corners Property Trust, Inc. (NYSE:FCPT) should definitely note that the President, William Lenehan, recently paid US$26.18 per share to buy US$200k worth of the stock. Although the purchase only increased their holding by 1.6%, it is still a solid purchase in our view.
See our latest analysis for Four Corners Property Trust
The Last 12 Months Of Insider Transactions At Four Corners Property Trust
In fact, the recent purchase by William Lenehan was the biggest purchase of Four Corners Property Trust shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$26.38. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. William Lenehan was the only individual insider to buy shares in the last twelve months.
William Lenehan bought 12.30k shares over the last 12 months at an average price of US$26.46. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, 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 of Four Corners Property Trust
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Four Corners Property Trust insiders own about US$23m worth of shares. That equates to 1.1% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Four Corners Property Trust Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Four Corners Property Trust we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 3 warning signs for Four Corners Property Trust you should be aware of, and 1 of them is a bit unpleasant.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
