Tuesday, October 31, 2017 10:15 PM ET
Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of Apollo Commercial Real Estate Finance (ARI)
An insider — Investment Authority Qatar, 10% Owner — bought 1,670,000 shares of Apollo Commercial Real Estate Finance having a market value of approximately $30,794,800 today, as revealed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
Apollo Commercial Real Estate Finance level of buy-sell trading activity is close to the 31 member peer company average. The Mortgage REITs peer group saw 32 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares per buy/sell trade transacted by Apollo Commercial Real Estate Finance insiders is higher. Within the peer group there were 551,196 shares purchased and 94,098 shares sold with company insiders purchasing 30,473 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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