Independent Director Evan Urdang Just Bought A Handful Of Shares In Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)
Even if it's not a huge purchase, we think it was good to see that Evan Urdang, the Independent Director of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) recently shelled out US$54k to buy stock, at US$53.82 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
View our latest analysis for Gaming and Leisure Properties
The Last 12 Months Of Insider Transactions At Gaming and Leisure Properties
Over the last year, we can see that the biggest insider purchase was by Vice Chairman Emeritus Barry Schwartz for US$112k worth of shares, at about US$44.77 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$54.92. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Gaming and Leisure Properties insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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.
Does Gaming and Leisure Properties Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Gaming and Leisure Properties insiders own 4.3% of the company, worth about US$635m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Gaming and Leisure Properties Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Gaming and Leisure Properties insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! 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. To that end, you should learn about the 3 warning signs we've spotted with Gaming and Leisure Properties (including 1 which can't be ignored).
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.
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