Colin Reed (Insider Trades), CEO and chairman of Ryman Hospitality Properties Inc. (RHP), bought 6,658 shares of the company on Oct. 15. The average price per share was $53.04 for a total transaction cost of $353,140. Ryman Hospitality is an REIT specializing in group-oriented, destination hotel assets in urban and resort markets.
Insider buy number and volume for the company has increased since 2012. There were no RHP insider buys in 2012; in 2013, there were six insider buys totaling 46,376 shares. This number decreased to one insider buy of 5,424 shares in the following year. On the other hand, insider sell number and volume decreased in the same period of time. There were 18 insider sales totaling 10,867,890 shares in 2012, compared to four insider sales totaling 18,956 shares in 2015. Though month end price increased about 1.5 times from 2012 to 2015, the number and volume of insider buys increased. Reed bought 83,507 shares in nine transactions, and has sold 673,193 shares in 27 transactions since October 2010. His transaction with the company in 2010 increased about 80% in price since then. For more information about insider trades with RHP, click here. Continue Reading »