Potential Braemar Hotels & Resorts, Inc. (NYSE:BHR) shareholders may wish to note that the Chief Accounting Officer, Mark Nunneley, recently bought US$202k worth of stock, paying US$8.08 for each share. That’s a very decent purchase to our minds and it grew their holding by a solid 12.9%.
See our latest analysis for Braemar Hotels & Resorts
Braemar Hotels & Resorts Insider Transactions Over The Last Year
In fact, the recent purchase by Mark Nunneley was the biggest purchase of Braemar Hotels & Resorts shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to buy, at around the current price, which is US$8.62. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Braemar Hotels & Resorts share holders is that an insider was buying at near the current price. Mark Nunneley was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Does Braemar Hotels & Resorts Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Braemar Hotels & Resorts insiders own 4.3% of the company, worth about US$13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Braemar Hotels & Resorts Tell Us?
It’s certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don’t feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Braemar Hotels & Resorts we think they are probably pretty confident of a bright future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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