Insider Buying: The Firm Capital Apartment Real Estate Investment Trust (CVE:FCA.U) Independent Trustee Just Bought 5.9% More Shares
While it’s not a big buy, we think it’s good to see Howard Smuschkowitz, the independent trustee of Firm Capital Apartment Real Estate Investment Trust (CVE: FCA.U) recently spent CA $ 67,000 buying shares for CA $ 6.69 per share. However, it only increased their stake by 5.9% and it wasn’t a big buy in absolute terms either.
Check out our latest analysis for Firm Capital Apartment Real Estate Investment Trust
Firm Capital Apartment Real Estate Investment Trust insider transactions last year
In particular, Howard Smuschkowitz’s recent purchase is the largest insider buy of shares in Firm Capital Apartment Real Estate Investment Trust that we have seen in the past year. This means that an insider was happy to buy shares at a price above the current price of CA $ 6.45. While their view may have changed since the purchase, it at least suggests that they had confidence in the company’s future. We always pay careful attention to the price that insiders pay when buying stocks. Typically, we see a stock more positively when insiders bought stocks at shares bought above current prices, as this indicates that they viewed the stock as good value at a higher price too.
Firm Capital Apartment Real Estate Investment Trust insiders may have bought but not sold stocks in the past year. Below is a visual representation of insider trades (by companies and individuals) over the past 12 months. If you want to know exactly who sold how much and when, just click on the graphic below!
TSXV: FCA.U Insider Trading Volume February 20, 2021
There are many other companies that insiders buy stocks from. You probably do Not want to miss that free List of growing companies that insider buy.
Does Firm Capital Apartment Real Estate Investment Trust have a high level of inside ownership?
Another way to test alignment between a company’s executives and other shareholders is to see how many stocks they own. We usually like to see a pretty high level of inside ownership. Our data shows that Firm Capital Apartment Real Estate Investment Trust insiders own 9.8% of the company, valued at approximately CA $ 3.9 million. We generally prefer a higher level of inside ownership.
What do insider transactions by Firm Capital Apartment Real Estate Investment Trust indicate?
It is certainly positive to see recent insider buying. We also rely on the longer-term picture of insider transactions. With this analysis, the only minor drawback we see is the relatively low (overall) insider exposure. Their transactions suggest that they rate the shares of Firm Capital Apartment Real Estate Investment Trust quite positively. While it is helpful to know what insiders are doing to buy or sell, it is also helpful to know the risks a particular company is facing. With regard to investment risks, We have identified 4 warning signs with Firm Capital Apartment Real Estate Investment Trust and understanding these should be part of your investment process.
Sure Firm Capital Apartment Real Estate Investment Trust may not be the best stock to buy. You might want to see that free Collection of high quality companies.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently consider open market transactions and private sales, but not derivative transactions.
When you choose to trade with Firm Capital Apartment Real Estate Investment Trust, you are using the lowest cost * platform ranked # 1 overall by Barron’s, Interactive Brokers. Trade stocks, options, futures, forex, bonds and funds in 135 markets from a single integrated account.
This article from Simply Wall St is of a general nature. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. We want to provide you with a long-term, focused analysis based on fundamental data. Note that our analysis may not take into account the latest price sensitive company announcements or quality materials. Simply Wall St has no position in the stocks mentioned.
* Interactive brokers have been rated as Lowest Cost Brokers by StockBrokers.com. Annual online review 2020
Do you have any feedback on this article? Concerned about the content? Get in touch directly with us. Alternatively, you can also send an email to the editorial team (at) simplywallst.com.