David Gladstone (Insider Trades), president and CEO of Gladstone Land Corp. (LAND), bought 10,000 shares of the company on August 25, 2015. The average price per share was $9.57, for a total transaction of $95,700. Gladstone Land Corporation is a real estate investment trust that invests in farmland, which the company then leases to corporate and independent farmers. LAND’s market cap is 84.62 million, and P/S ratio is 9.08.
The number of insider buys of LAND decreased, while the volume of insider buys increased since 2013. There were nine insider buys totaling 13,700 shares in 2013 and two insider buys totaling 1,500 shares in 2014. Additionally, from January to August, there were five insider buys of 16,600 shares of LAND. 
Gladstone Land Corp. Director Paul Adelgren (Insider Trades) bought 600 shares of the company on Aug. 12 for an average price of $9.94. Adelgren bought 5,700 shares of LAND in six transactions since January 2013. For more information about insider trades with Gladstone Land Corp., click here.
Gladstone Land Corp. reported a net loss of $30,289 in the second quarter of 2015. The net income decreased from $24,574 in the first quarter of year. LAND annual net income followed a negative growth trend line since 2011. 
Total operating revenue increased 6% from $2.625 million in the first quarter to $2.783 million second quarter of 2015. During the second quarter of 2015, the company acquired two new farms for $15.8 million, and renewed or extended three leases which were scheduled to expire within the year. Gladstone Land also entered into an agreement to purchase 841 acres of farmland in California for $18.9 million that is expected to close in the third quarter of 2015. Subsequent to the end of the second quarter of 2015, the company entered into two agreements for $11 million expected to close during the third quarter of 2015. The company also declared a monthly cash dividend of $0.04 per share of common stock for July to September. Gladstone commented that the company expects “to be very active over the next few months” and plans to “execute additional purchase agreements” within a few weeks following the end of the second quarter.
One guru made a transaction with the company in the second quarter of 2015. Jim Simons (Trades, Portfolio) (Trades, Portfolio) of Renaissance Technologies LLC, bought 46,009 shares of LAND at an average per share price of $11.53. The addition of these shares increased the volume of Simons’ holding by 80.51%. The total estimated gain of the holding is -20% since the fourth quarter of 2013. For more information about guru transaction with LAND, click here.
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