Michael Mazzei Is The CEO, President & Director of BrightSpire Capital, Inc. (NYSE:BRSP) And They Just Picked Up 24% More Shares
BrightSpire Capital, Inc. (NYSE:BRSP) shareholders (or potential shareholders) will be happy to see that the CEO, President & Director, Michael Mazzei, recently bought a whopping US$942k worth of stock, at a price of US$9.42. Not only is that a big swing, but it increased their holding size by 24%, which is definitely great to see.
View our latest analysis for BrightSpire Capital
The Last 12 Months Of Insider Transactions At BrightSpire Capital
Notably, that recent purchase by Michael Mazzei is the biggest insider purchase of BrightSpire Capital shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$9.54. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the BrightSpire Capital insiders decided to buy shares at close to current prices.
BrightSpire Capital 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
BrightSpire Capital 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.
Insider Ownership of BrightSpire Capital
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. BrightSpire Capital insiders own about US$14m worth of shares. That equates to 1.1% 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.
What Might The Insider Transactions At BrightSpire Capital Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of BrightSpire Capital we think they are probably pretty confident of a bright future. 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. In terms of investment risks, we've identified 1 warning sign with BrightSpire Capital and understanding this should be part of your investment process.
Of course BrightSpire Capital 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.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
