Regal Lifestyle Communities (OTC:RLIFF) owns and operates retirement living communities.
Insider buying during the last 30 days
Here is a table of Regal's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Public Offering||Current Ownership||Increase In Shares|
|Edward Dato||Director||June 5||20,000||Yes||28,000 shares||+250.0%|
|Jon Hagan||Director||June 5||5,000||Yes||55,000 shares||+10.0%|
|Simon Nyilassy||CEO||June 5||34,400||Yes||314,200 shares||+12.3%|
|Moray Tawse||Director||June 5||392,100||Yes||2,157,563
There have been 451,500 shares purchased by insiders during the last 30 days. All these shares were purchased pursuant to a public offering.
Insider buying by calendar month
Here is a table of Regal's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 2,589,704 shares purchased and there have been 77,000 shares sold by insiders since January 2013.
Regal reported the first-quarter financial results on May 13 with the following highlights:
|Operating revenue||C$19.3 million ($17.7 million)|
|Net operating income||C$7.4 million ($6.8 million)|
|Cash||C$14.4 million ($13.2 million)|
|Mortgage debt||C$260 million ($238.5 million)|
|Book value||$7.35 per share|
The four insiders purchased their shares after these results.
On June 6, Regal closed a C$27 million ($24.8 million) public offering. This offering was arranged to partly fund a C$160 million ($146.8 million) acquisition of seven multi-unit retirement communities located in the Province of Québec.
|Qtrly Rev Growth (yoy):||0.42||0.08||0.04|
Regal has the highest dividend yield among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Regal has seen intensive insider buying during the last 30 days.
There have been four different insiders buying Regal, and there have not been any insiders selling Regal during the last 30 days. All four of these insiders increased their holdings by more than 10% each.
The four insiders purchased their shares at $7.02 (C$7.65). I believe Regal could be a good pick below $7.02 based on the intensive insider buying.
(Source: Investor presentation)
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in RLIFF over the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.