Vice-President, CFO of Griffin Land & Nurseries Inc. (GRIF) Anthony J Galici sells 5,000 shares of GRIF on 10/22/2009 at an average price of $30.59 a share.
Griffin Land & Nurseries Inc. based in New York New York through its subsidiaries engages in real estate and landscape nursery operations in the United States. The company also has investments in Centaur Media plc a public company based in the United Kingdom and listed on the London Stock Exchange and Shemin Nurseries Holdings Corp. a private company that operates a landscape nursery distribution business through its subsidiary Shemin Nurseries Inc. Griffin Land & Nurseries Inc. has a market cap of $151.9 million; its shares were traded at around $29.89 with and P/S ratio of 3.41. The dividend yield of Griffin Land & Nurseries Inc. stocks is 1.34%.
Insiders' Positions with GRIF
Sell:: President and CEO, Imperial on 07/27/2009 Gregory Michael Schaan sold 7,070 shares of GRIF stock at the average price of 31.2, the price of the stock has decreased by 4.2% since
Sell:: President and CEO, Imperial on 04/30/2009 Gregory Michael Schaan sold 500 shares of GRIF stock at the average price of 30.84, the price of the stock has decreased by 3.08% since
About the author:
GuruFocus - Stock Picks and Market Insight of Gurus
Why CEOs Are Buying Stocks Of Their Own Companies?
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."
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.
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.
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More) Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names