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Weekly Top Insider Buys Highlight for the Week of March 31

- By Shuda Xia

The largest Insider Buys this week were for Simon Property Group Inc. (SPG), Ford Motor Co (NYSE:F), Visteon Corp (VC), and DDR Corp (DDR).

Simon Property Group Inc. (SPG): Director Reuben S Leibowitz Bought 1,400 Shares

Director Reuben S Leibowitz bought 1,400 shares of SPG stock on March 28 at the average price of $166. The price of the stock has increased by 3.63% since.


Simon Property Group Inc. is an American international real estate company that is currently the largest real estate investment trust in the United States. It is also the largest shopping mall operator in the United States. The company operates from five retail real estate platforms, including regional malls, premium outlet centers, The Mills, community centers, and international properties. The company has a market cap of $55.02 billion, and as of March 31 it traded at $172.03.

On March 17, Simon Property Group Inc. announced that it has amended and extended its $4 billion unsecured multi-currency revolving credit facility. The newly refinanced facility will initially mature on June 30, 2021, and can be extended for an additional year to June 30, 2022. The interest rate on the new revolver is reduced to LIBOR plus 77.5 basis points.

Ford Motor Co (NYSE:F): Exec. Chairman and Chairman William Clay Jr Ford Bought 171,379 Shares

Exec. Chairman and Chairman William Clay Jr Ford bought 171,379 shares of F stock on March 24 at the average price of $11.67. The price of the stock has decreased by 0.26% since.

Ford Motor Co is an American international automaker that sells automobiles and commercial vehicles under the Ford brand and most luxury models under the Lincoln brand. The company also owns Brazilian SUV manufacturer Troller and Australian performance car manufacturer FPV. The company has multiple joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company has a market cap of $46.26 billion, and as of March 31 it traded at $11.64.

On March 31 Ford Motor Co released its 2016 full year financial report. For full year 2016, the company had $4.6 billion in net income and a total company adjusted pre-tax profit of $10.4 billion. The company also distributed $3.5 billion to shareholders, including the first supplemental dividend of $1 billion.

Visteon Corp (VC): Director Robert Manzo Bought 2,000 Shares

Director Robert Manzo bought 2,000 shares of VC stock on March 24 at the average price of $95.07. The price of the stock has increased by 2.35% since.

Visteon Corp is a Fortune 500 American international automotive electronics supplier. The company spun off from the Ford Motor Company in 2000. The company designs, engineers, and manufactures systems for various clients including BMW, Daimler, Ford, and General Motors. The company has a market cap of $3.21 billion, and as of March 31 it traded at $97.95.

On March 7, Visteon Corp announced that it is seeking to amend and extend its $350 million term loan due 2021 to a new seven-year term loan maturing in 2024 to reduce the margin applicable to the term loans. Furthermore, the company is seeking to enlarge its existing $200 million revolving credit facility due in 2019 to a proposed $300 million, maturing in 2022.

DDR Corp (DDR): Director Robert H Gidel Bought 4,000 Shares

Director Robert H Gidel bought 4,000 shares of DDR stock on March 23 at the average price of $12.80. The price of the stock has decreased by 2.11% since.

DDR Corp is an American real estate investment trust company that owns and manages value-oriented open air retail shopping centers in the United States and Puerto Rico. Tenants include Wal-Mart, Kohl's, PetSmart, and Michaels. It operates in 40 continental U.S. states and Puerto Rico. The company has a market cap of $4.59 billion, and as of March 31 it traded at $12.53.

On March 3, DDR Corp announced that David Lukes has been named President and CEO of the company to replace Tom August, who has stepped down. Furthermore, Mr. Lukes has been named to the DDR Board of Directors. Michael Makinen will join the company as Executive Vice President and Matthew Ostrower will serve as CFO.

For the complete list of stocks that was bought by their company executives, go to: Insider Trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.