Yahoo Finance Trade Alert: The Independent Director Of Urstadt Biddle Properties Inc. (NYSE:UBA), Bryan Colley, Has Just Spent US$101k Buying 34% More Shares
Investors who take an interest in Urstadt Biddle Properties Inc. (NYSE:UBA) should definitely note that the Independent Director, Bryan Colley, recently paid US$19.75 per share to buy US$101k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 34%.
See our latest analysis for Urstadt Biddle Properties
The Last 12 Months Of Insider Transactions At Urstadt Biddle Properties
In fact, the recent purchase by Bryan Colley was the biggest purchase of Urstadt Biddle Properties shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$20.80. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Bryan Colley was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Urstadt Biddle Properties is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Urstadt Biddle Properties Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Urstadt Biddle Properties insiders own about US$87m worth of shares. That equates to 11% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Urstadt Biddle Properties Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Urstadt Biddle Properties we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Urstadt Biddle Properties. At Simply Wall St, we found 2 warning signs for Urstadt Biddle Properties that deserve your attention before buying any shares.
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.
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.
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