Steven Greathouse Bought 48% More Shares In Alpine Income Property Trust

Even if it's not a huge purchase, we think it was good to see that Steven Greathouse, the Senior VP & Chief Investment Officer of Alpine Income Property Trust, Inc. (NYSE:PINE) recently shelled out US$50k to buy stock, at US$14.31 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 48%.

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The Last 12 Months Of Insider Transactions At Alpine Income Property Trust

Notably, that recent purchase by Steven Greathouse is the biggest insider purchase of Alpine Income Property Trust shares that we've seen in the last year. That implies that an insider found the current price of US$14.76 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

Over the last year, we can see that insiders have bought 10.50k shares worth US$149k. But they sold 7.40k shares for US$130k. In total, Alpine Income Property Trust insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Alpine Income Property Trust

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Alpine Income Property Trust Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Alpine Income Property Trust insiders have about 0.9% of the stock, worth approximately US$1.9m. We consider this fairly low insider ownership.

What Might The Insider Transactions At Alpine Income Property Trust Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Alpine Income Property Trust insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Alpine Income Property Trust. Case in point: We've spotted 1 warning sign for Alpine Income Property Trust you should be aware of.

But note: Alpine Income Property Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.