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Insider Weekends: Father-Daughter Team At American Homes 4 Rent Buy Again

Mar. 09, 2020 2:00 PM ETET, KMI, NWL, PLNT, SBAC, MSFT, APO, TELL, BL, AMH


  • Insider buying increased last week.
  • Notable Insider Buys: American Homes 4 Rent, Energy Transfer LP, Kinder Morgan Inc., Newell Brands Inc., Planet Fitness Inc.
  • Notable Insider Sells: SBA Communications Corporation, Microsoft Corporation, Apollo Global Management Inc., Tellurian Inc., BlackLine Inc.

The Coronavirus has reached our shores and appears to be spreading across multiple states leading to several large companies, including Apple (APPL), Twitter (TWTR) and Palantir, asking their corporate employees or employees at West Coast offices to work from home. We are also seeing universities like Stanford and University of Washington shift classes online and there have been at least a couple of K-12 school closures in Northern California.

The markets shrugged off a 50 basis point drop in interest rates and the S&P 500 almost ended flat for the week, although with several large swings in both directions all week long. We wrote the following in our last Insider Weekends article,

With community spread in the U.S., we have now gone past the risk of second order effects and are now going to experience first order impact, whether perceived or real. I expect to see further market declines, and if that does transpire, there would be some interesting opportunities in the weeks ahead. I started positioning my portfolio for these events a couple of weeks ago and will elaborate more in a premium post this week.

At risk of missing some opportunities on the long side, I would prefer to stay patient and wait for the situation to unfold. Insiders on the other hand have stepped up their buying as they usually do in downturns. They are probably early this time but their buying will bring some interesting opportunities to light.

My opinion has not changed and the next few weeks are likely to remain challenging. Futures are pointing to a very red open on Monday.

Insider buying increased last week with insiders purchasing $278.69 million of stock compared to $199.55 million in the week prior. Selling also increased with insiders selling $1.52 billion of stock last week compared to $1.42 billion in

This article was written by

Asif Suria profile picture

I am an entrepreneur and investor with a focus on event driven strategies including merger arbitrage, spinoffs, (legal) insider trading, buybacks and SPACs. I was one of the earliest contributors on Seeking Alpha and started publishing here in 2005. For more than a decade I have been writing every week about M&A and interesting insider transactions. My work has been mentioned in Barron's, Dow Jones, BNN Bloomberg and other publications.  

I have been an active investor for more than two decades and my background in technology has helped me built tools that inform my investing process, especially as it relates to event-driven strategies that require updated data and processes. The focus on my Inside Arbitrage service is to provide investors with the right combination of tools and analysis to help them take advantage of strategies that can perform well across market cycles.  

Analyst’s Disclosure: I am/we are long AMH. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I hold a long position in AMH. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

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