Yahoo Finance Evan Urdang Is The Independent Director of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) And They Just Spent US$307k On Shares
Potential Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) shareholders may wish to note that the Independent Director, Evan Urdang, recently bought US$307k worth of stock, paying US$30.71 for each share. Although the purchase only increased their holding by 9.1%, it is still a solid purchase in our view.
See our latest analysis for Gaming and Leisure Properties
The Last 12 Months Of Insider Transactions At Gaming and Leisure Properties
In fact, the recent purchase by Evan Urdang was the biggest purchase of Gaming and Leisure Properties shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$19.55 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Gaming and Leisure Properties insiders bought shares last year, they didn't sell. The average buy price was around US$37.63. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Gaming and Leisure Properties
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Gaming and Leisure Properties insiders own about US$244m worth of shares (which is 5.8% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Gaming and Leisure Properties Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Gaming and Leisure Properties. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Gaming and Leisure Properties you should know about.
Of course Gaming and Leisure Properties may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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