Investors who take an interest in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) should definitely note that the Senior Vice President of Investments, Matthew Demchyk, recently paid US$41.40 per share to buy US$207k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 12%.
Gaming and Leisure Properties Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by insider David Handler for US$369k worth of shares, at about US$33.50 per share. That implies that an insider found the current price of US$41.53 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Gaming and Leisure Properties insiders decided to buy shares at close to current prices.
While Gaming and Leisure Properties insiders bought shares last year, they didn't sell. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Gaming and Leisure Properties 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.
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. 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 5.9% of the company, worth about US$529m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Gaming and Leisure Properties Tell Us?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Gaming and Leisure Properties. One for the watchlist, at least! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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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If you spot an error that warrants correction, please contact the editor at email@example.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. Thank you for reading.