Potential iStar Inc. (NYSE:STAR) shareholders may wish to note that the President & Chief Investment Officer, Marcos Alvarado, recently bought US$130k worth of stock, paying US$12.95 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 403.1%, potentially signalling some real optimism.
iStar Insider Transactions Over The Last Year
In fact, the recent purchase by President & Chief Investment Officer Marcos Alvarado was not their only acquisition of iStar shares this year. They previously made an even bigger purchase of US$130k worth of shares at a price of US$12.95 per share. So it's clear an insider wanted to buy, at around the current price, which is US$13.05. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for iStar share holders is that an insider was buying at near the current price. Marcos Alvarado was the only individual insider to buy shares in the last twelve months.
Marcos Alvarado bought a total of 12577 shares over the year at an average price of US$12.23. The chart below shows insider transactions (by individuals) over the last year. 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.
Does iStar Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. iStar insiders own about US$43m worth of shares. That equates to 5.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About iStar Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in iStar shares, given these transactions (along with notable insider ownership of the company). Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for iStar.
Of course iStar may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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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