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.
The company reported total revenue of $274.036 million in the second quarter of 2015, up 6.3% from the corresponding quarter of the previous year. Net income also increased from $23.039 million, or 38 cents per share, to $41.389 million, or 80 cents per share in the same period of time. Annual revenue for the company increased 6.24% since 2010; however, annual net income follows a decreasing trend line. Reed announced an increase of the company’s third quarter dividend to 70 cents per common share, and a plan to pay 2015 annual dividend of $2.70 per common share – an increase of approximately 23% over 2014. Ryman Hospitality also announced the authorization of a share repurchase program for up to $100 million of the company’s common stock using cash on hand and borrowings. Reed commented that the company believes “using capital to repurchase [the company’s] shares at an appropriate price represents a favorable strategic use of capital,” and, “reflects [the company’s] confidence in the stability and cash flow generation capabilities of [their] business model.”
According to GuruFocus.com information, Ryman Hospitality Properties Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Chuck Royce (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio) both sold all their shares with RHP during the second quarter of 2015, while Jim Simons (Trades, Portfolio) increased his stake in the company. Simons bought 23,713 shares of RHP at an average per share price of $57.05, increasing his stake by 93.26%. For more information about guru trades with RHP, click here.
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