We saw several insiders of real estate investment trusts or REITs purchase shares this week. The buying was broad based across multi-family, office, retail and diversified REITs. When discussing alternative income options earlier this week, we wrote the following about REITs, The other asset class that yield hungry investors flocked to was real estate investment trusts or REITs. The Vanguard Real Estate ETF (VNQ) with nearly $35 billion in assets ...
Key purchases this week come from familiar names, especially with August J. Troendle (CEO of Medpace Holdings) making yet another large purchase totaling $62.49 million. This follows a series of purchases last week that totaled $57.2 million, which we mentioned in our Insider Weekends post last week. We also picked Medpace as our spotlight idea for our August 2022 Special Situations Newsletter, on account of insider purchases by Mr. Troendle this year. We added the ...
Welcome to edition 637 of Insider Weekends. Insider buying decreased significantly last week with insiders purchasing $189.95 million of stock compared to $436.83 million in the week prior. Selling on the other hand increased to $902.53 million compared to $631.78 million in the week prior. Insider buying in the prior week was elevated on account of the large $350 million purchase of project management software company Asana (ASAN) by its CEO ...
Welcome to edition 636 of Insider Weekends. Insider buying increased significantly last week with insiders purchasing $436.83 million of stock compared to $37.62 million in the week prior. Selling also increased to $631.78 million compared to $582.18 million in the week prior. A majority of this increase in insider buying was driven by a large purchase of project management software company Asana (ASAN) by its CEO Dustin Moskovitz in a ...
In a market that is rightfully concerned about the continued rise in interest rates, it is fascinating to see the insiders of certain cyclical companies continue to buy stock. They truly hold a variant perception and are looking beyond the near-term pain we are likely to experience or suffer from the usual biases of anchoring and tunnel vision that insiders often do. We once again saw insider purchases at the ...
We saw a week of repeat purchases last week with Bill Gates adding more to his Ecolab (ECL) stake to the tune of $10 million, Co-Founder and Director James DeFranco picking up another $9 million worth of DISH Networks (DISH) and CEO CEO Ernest S. Rady acquiring another $1.51 million worth of the diversified REIT American Assets Trust (AAT). We have written about each of their prior purchase here, here and ...
When working through the list of insider purchases and sales each week, we tend to remove transactions by 10% owners that are not part of the management team and that don’t have representation on the Board of Directors. This week, we decided to make an exception to highlight a purchase of Ecolab (ECL) by Cascade Investment LLC, which is the private investment firm that manages Bill Gates’ wealth. Cascade has been the ...
A big decline in crude oil prices over the last two months where WTI crude dropped from just over $122 in early June to a little below $90 by the first week of August caused a decline in energy stocks. While the market was concerned about the impact of a recession on the demand side of the equation, energy investors saw another opportunity to fill up the tank and both ...
The 84 year old Chairman and CEO of American Assets Trust (AAT), Ernest Rady, has been a buyer of this diversified REIT for well over a decade and last week was no exception. I normally don’t pay a lot of attention to these “perpetual” buyers but AAT grabbed my attention during the pandemic related downturn in REITs and especially in REITs that focused on the retail or office segments. AAT ...
Airlines have a challenging reputation among investors on account of the highly competitive and capital intensive nature of these companies. There is little left for investors when all is said and done. To add to margin pressures they are also prone to going bust after every large economic upheaval whether it is the bursting of a real estate bubble or a pandemic. The only time I invested in an Airline ...
