According to a recent SEC filing, Stuart Rothstein, President and CEO of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI), sold 40,000 shares of the company's stock on January 16, 2024. The transaction was performed at average price, with the total value of the shares sold being .
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that originates, acquires, invests in, and manages primarily commercial first mortgage loans, subordinated loans, commercial mortgage securities, and other commercial real estate related debt investments.
Over the past year, insiders have sold a total of 120,000 shares and haven't bought any shares in the company.The insider's recent sale is part of a series of transactions in the same period, which included 5 insider sales and 1 insider purchase.
On the day of the sale, Apollo Commercial Real Estate Finance's stock was trading at $11.45 a share, giving the company a market capitalization of $1.634 billion.
The stock's price-to-GF Value ratio of 0.65, based on a GF Value of $17.56, indicates that Apollo Commercial Real Estate Finance Inc is significantly undervalued. GF Value is GuruFocus' proprietary estimate of intrinsic value, which takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past earnings and growth, and Morningstar analyst estimates of future business performance.
Insider selling: Stuart Rothstein, president and CEO of Apollo Commercial Real Estate Finance, sold 40,000 shares.
The insider trading trend at Apollo Commercial Real Estate Finance Inc has seen more selling than buying over the past year, suggesting a cautious approach by insiders.
Insider selling: Stuart Rothstein, president and CEO of Apollo Commercial Real Estate Finance, sold 40,000 shares.
Investors often monitor insider transactions as they can provide insight into insiders' views on company performance and stock valuation. Recent sales by insiders and current valuation metrics may be of interest to shareholders and potential investors.
This article written by GuruFocus is intended to provide general insights and is not tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment guidance. It is not a recommendation to buy or sell stocks, nor does it take into account your individual investment objectives or financial situation. Our objective is to provide long-term, fundamental, data-driven analysis. Please note that our analysis may not incorporate the latest price-sensitive company announcements or qualitative information. GuruFocus has no position in the stocks mentioned herein.
This article was originally published on GuruFocus.