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Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist ...

GuruFocus Research
·1 min read

On May 17, 2024, Frank Kavanaugh, CEO & PRESIDENT, 10% Owner of Medalist Diversified REIT Inc (NASDAQ:MDRR), purchased 41,600 shares of the company. The transaction was filed on May 20, 2024, as reported in the SEC Filing.

Medalist Diversified REIT Inc is involved in acquiring, repositioning, renovating, leasing, and managing income-producing properties, with a focus on commercial real estate.

The insider transaction history for Medalist Diversified REIT Inc shows a pattern of insider confidence, with a total of 33 insider buys and no insider sells over the past year. The insider, Frank Kavanaugh, has been particularly active, purchasing a total of 167,767 shares over the past year.

Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)
Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)

Shares of Medalist Diversified REIT Inc were trading at $5.64 on the day of the transaction, giving the company a market cap of $12.637 million. According to the GF Value, the stock is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.12.

Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)
Insider Buying: CEO & PRESIDENT, 10% Owner Frank Kavanaugh Acquires Shares of Medalist Diversified REIT Inc (MDRR)

The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.

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This insider buy could signal a positive outlook from the insider regarding the company's future performance and valuation, despite the current market pricing.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.