Director David Weinstein Sells Shares of NewLake Capital Partners Inc (NLCP)
Director David Weinstein has sold 7,449 shares of NewLake Capital Partners Inc (NLCP) on March 18, 2024, according to a recent SEC filing. The transaction was executed at an average price of $17.36 per share, resulting in a total value of $129,323.64.
NewLake Capital Partners Inc is a real estate investment trust focused on acquiring and managing a diversified portfolio of industrial and retail properties leased to state-licensed operators in the cannabis industry.
Over the past year, the insider has sold a total of 23,850 shares of the company and has not made any purchases. The recent sale by David Weinstein follows a pattern observed in the company's insider transaction history. In the past year, there have been 7 insider buys and 3 insider sells for NewLake Capital Partners Inc.
On the date of the reported sale, NewLake Capital Partners Inc had a market capitalization of $363.936 million. The stock's price-earnings ratio stood at 15.43, which is below both the industry median of 16.75 and the company's historical median price-earnings ratio, suggesting a potentially lower valuation relative to its peers and its own past trading history.
The insider trend image above provides a visual representation of the buying and selling activities from insiders over a specified period. This data can be useful for investors who track insider behaviors as part of their investment decision-making process.
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.
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