1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Monica Wolfe
Monica Wolfe
Articles (757) 

Armour Residential Reports Insider Buys

March 18, 2013 | About:

Three insiders in Armour Residential REIT Inc. (ARR) made transactions on March 15. The two CEOs and a director bought a total of 31,300 shares of the Real Estate Investment Trust (REIT). Scott Ulm the co-CEO, CIO, and co-vice chairman of Armour added 5,000 shares at $6.16 each. This transaction cost him $30,800 and he now holds 115,001 shares of Armour. The price per share has increased 3.25% since his buy.

Prior to this insider buy, Ulm bought 5,000 shares on Nov. 15, 2012 which has since seen an increase of 2.58% in price per share.

Director John Hollihan added 16,300 shares at $6.18 each for a total transaction amount of $100,734. The price per share has increased 2.91% since this buy. Hollihan now holds on to 34,721 shares of Armour.

Jeffrey Zimmer, the president, co-CEO and co-vice chairman added 10,000 shares on March 15. Each share traded for $6.17 and Zimmer spent $61,700 on this transaction. Zimmer now holds 45,927 shares in Armour.

Prior to his most recent buy Zimmer added 5,000 shares on Nov. 15, 2012. Since that transaction the trade price has increased 9.28%.

Armour Residential currently has no debt and is close to a 10-year low price of $6.25.

Armour Residential is an investment company based out of Vero Beach, Fla. Armour primarily invests in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage backed securities issued or guaranteed by a U.S. government-chartered entity. Armour has a market cap of $1.97 billion.

With its shares down 0.16% this afternoon, Armour Residential trades at $6.36.

Gurus Jim Simons and Jeremy Grantham currently hold shares in ARR. For more information on these gurus and their shares look at the Armour Residential Guru Trades page.

For more information on insider trades within Armour look at Armour Residential’s Insider Trade History page.

  • 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.

» Take a Free Trial of Premium Membership

Rating: 3.5/5 (2 votes)


Please leave your comment:

GuruFocus has detected 8 Warning Signs with ARMOUR Residential REIT Inc $ARR.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Monica Wolfe

User Generated Screeners

MisterTIndustry Selection
maurits_halimEPS Growth >20% (UK)
DBrizan2017sep19 Qcom Gild beater
alberto.lopezblancoPI / PTB
Jeremieroyspinoffs + insiders
sm0yerconsistant growth
patelmhwalter schloss balance sheet b
valueppAsset Management Company
cspunarSG -2
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat