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Insider Buys at 52-Week Lows

August 24, 2013 | About:
Monica Wolfe

Monica Wolfe

131 followers
Over the past week three companies have reported multiple insider buys as their price hits or near 52-week lows. Looking at insider buys while they’re trading at low prices can offer an excellent time to buy into a company or further your research on the company. Peter Lynch once offered that insiders will sell their shares in a company for many reasons, but they will only invest it if they think that the share price will rise.

American Campus Communities (ACC)


Over the past week three corporate executives of American Campus Communities have made notable insider buys.

Executive VP of Project Management & Construction James Hopke made the smallest buy, adding 750 shares to his stake. He bought these shares at an average price of $34.98 per share. The transaction cost him a total of $26,235. Since his buy, the price per share has decreased approximately -0.77%. Hopke now holds at least 20,190 shares of company stock.

EVP of Public/Private Transactions James Wilhelm purchased 1,150 shares at an average price of $34.97 per share. This cost the VP a total of $40,215.50. Since his buy, the price per share has decreased approximately -0.74%. Wilhelm now holds 24,339 shares of company stock.

Executive VP and CFO Jonathan Graf made the largest buy of the week adding a total of 2,000 shares to his position. The CFO bought these shares at an average price of $35.50 per share for a total transaction amount of $71,000. Since his buy, the share price has dropped about -2.23%. Graf now holds on to at least 78,392.

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American Campus Communities is an integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

ACC’s historical revenue and net income:

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The analysis on ACC reports that the revenue has been in decline for the past five years, that the company has issued $333.519 million of debt over the past three years, that the operating margin is expanding and that the dividend yield is at a 2-year high.

American Campus Communities has a market cap of $3.64 billion. Its shares are currently trading at around $34.71 with a P/E ratio of 69.10, a P/S ratio of 5.80 and a P/B ratio of 1.40. The company had an annual average earnings growth of 0.5% over the past five years.

Halcon Resources (HK)

This week two insiders made notable buys into Halcon Resources. These insiders made their buys under the public offering price that was offered earlier this month.

On Aug. 20 Executive VP and COO Charles Cusack purchased 40,000 shares at an average price of $4.86 per share. This cost Cusack a total of $194,400. Since his buy, the price per share has dropped an additional -0.21%.

On Aug. 21 Director David Hunt purchased 50,000 shares. He bought these shares at an average price of $4.73 per share. This cost Hunt a total of $236,500. Since his buy the price per share has increased approximately 2.54%.

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Halcon Resources is an energy company, which is engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.

Halcon Resources’ historical revenue and net income:

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The analysis on Halcon reports that the price is at a 1-year low, the revenue has been in decline over the past five years, the company has issued $2.4 billion of debt in the past three years and that the P/B ratio is at a 3-year low.

Halcon Resources has a market cap of $1.98 billion. Its shares are currently trading at around $4.85 with a P/E ratio of 111.10, a P/S ratio of 2.50 and a P/B ratio of 0.70.

Macerich Company (MAC)

Over the past week two insiders of Macerich Company made buys back into the company.

Executive VP of Leasing Robert Perlmutter added 1,000 shares to his stake. He bought these shares at an average price of $58.54 per share. This buy cost the VP a total of $58,540. Since his buy, the price per share has dropped an additional -3.21%. Perlmutter now holds at least 2,000 shares of company stock.

Director Fred Hubbell purchased 1,500 shares over the past week. The director purchased these shares at an average price of $60.39 per share for a total transaction amount of $90,585. Since his buy, the price per share has dropped about -6.18%. Hubbell now owns approximately 5,705 shares of company stock.

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The company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States.

Macerich’s historical revenue and net income:

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The analysis on Macerich reports that the company had an operating loss over the last three years, the revenue has been in decline over the past five years and that the company has issued $702.952 million of debt over the past three years.

The Macerich Company has a market cap of $7.96 billion. Its shares are currently trading at around $56.66 with a P/E ratio of 24.40, a P/S ratio of 7.80 and a P/B ratio of 2.30. Macerich has a dividend yield of 4.10%.

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Rating: 3.7/5 (3 votes)

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