Resource Capital Corp. (NYSE:RSO) primarily focuses on originating, holding, and managing commercial mortgage loans and other commercial real estate-related debt and equity investments in the United States.
Insider buying during the last 30 days
Here is a table of Resource Capital's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Richard Fore||Director||June 11||17,000||28,275
|David Bloom||SVP||June 6||8,500||311,551 shares||+2.8%|
|Murray Levin||Director||May 19||4,500||48,109
|Steven Kessler||Chairman||May 19||9,158||150,000 shares||+6.5%|
|Jonathan Cohen||CEO||May 19||40,000||1,613,626 shares||+2.5%|
There have been 79,158 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Resource Capital's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 79,158 shares purchased and there have been 141,704 shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.
Resource Capital reported the first-quarter financial results on May 6 with the following highlights:
|Net income||$15.1 million|
|Book value||$6.20 per share|
The five insiders purchased their shares after these results.
|Qtrly Rev Growth (yoy):||0.22||N/A||0.11|
Resource Capital has the highest dividend yield among these three companies.
Here is a table of these competitors' insider activities during the last 12 months.
|Company||Insider buying / shares||Insider selling / shares|
Only Resource Capital has seen intensive insider buying during the last 30 days.
There have been five different insiders buying Resource Capital and there have not been any insiders selling Resource Capital during the last 30 days. Two of these five insiders increased their holdings by more than 10%. Resource Capital has an insider ownership of 7.92%.
The five insiders purchased their shares at prices ranging from $5.40 to $5.86. I believe Resource Capital could be a good pick below $5.86 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 RSO 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.