Gino Sabatini Is The MD & Head of Investments of W. P. Carey Inc. (NYSE:WPC) And They Just Spent US$422k On Shares
Potential W. P. Carey Inc. (NYSE:WPC) shareholders may wish to note that the MD & Head of Investments, Gino Sabatini, recently bought US$422k worth of stock, paying US$42.18 for each share. Although the purchase only increased their holding by 1.5%, it is still a solid purchase in our view.
See our latest analysis for W. P. Carey
The Last 12 Months Of Insider Transactions At W. P. Carey
In fact, the recent purchase by Gino Sabatini was the biggest purchase of W. P. Carey 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$45.83. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the W. P. Carey insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 19.11k shares for US$1.0m. On the other hand they divested 118 shares, for US$10k. Overall, W. P. Carey insiders were net buyers last year. Their average price was about US$54.74. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
W. P. Carey is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does W. P. Carey Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.1% of W. P. Carey shares, worth about US$89m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At W. P. Carey Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of W. P. Carey we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 3 warning signs with W. P. Carey and understanding them should be part of your investment process.
But note: W. P. Carey may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
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