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Vestin Realty Mortgage II Inc. (VRTB) CEO Michael V Shustek buys 42,200 Shares

August 20, 2009 | About:
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President & CEO of Vestin Realty Mortgage II Inc. (VRTB) Michael V Shustek buys 42,200 shares of VRTB on 08/20/2009 at an average price of $2.57 a share.

Vestin Realty Mortgage II Inc. a real estate investment trust invests in short-term loans secured by real estate through deeds of trust or mortgages. It offers various real estate loans including commercial property acquisition and development land and residential loans. ). Its manager is Vestin Mortgage Inc. which is a wholly owned subsidiary of Vestin Group Inc. The Company\'s primary business objective is to generate income while preserving principal by investing in real estate loans. It operates in Arizona California Hawaii Nevada New York Oklahoma Oregon Texas and Washington. Headquartered in Las Vegas Nevada the company has elected to be treated as a real estate investment trust (REIT) under the Internal Revenue Code of 1986. Vestin Realty Mortgage Ii Inc. has a market cap of $34.5 million; its shares were traded at around $2.5 .

Recent Trades of Vestin Realty Mortgage II Inc. by CEO:

  • Buy: President & CEO Michael V Shustek bought 28,098 shares of VRTB stock on 08/19/2009 at the average price of $2.46; the price of the stock has increased by 1.63% since.

  • Buy: President & CEO Michael V Shustek bought 17,184 more shares of VRTB stock on 06/24/2009 at the average price of $2.86; the price of the stock has decreased by 12.59% since.

  • Buy: President & CEO Michael V Shustek bought 7,190 more shares of VRTB stock on 06/19/2009 at the average price of $2.73; the price of the stock has decreased by 8.42% since.

  • Buy: President & CEO Michael V Shustek bought 10,866 more shares of VRTB stock on 06/17/2009 at the average price of $2.71; the price of the stock has decreased by 7.75% since.

  • Buy: President & CEO Michael V Shustek bought 7,300 more shares of VRTB stock on 06/12/2009 at the average price of $2.69; the price of the stock has decreased by 7.06% since.


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GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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