Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Both Insiders and Hedge Funds Seem to Love American Realty Capital Properties (ARCP)

Last week, two insiders at American Realty Capital Properties Inc (NASDAQ:ARCP) acquired stock from the company. On Jan. 14th, Brian Block, Executive Vice President, Treasurer, Secretary and Chief Financial Officer, acquired* 4,000 shares of Series F Cumulative Redeemable Preferred Stock at a price of $20.59 per share. In addition to these shares, Mr. Block directly owns 894,694 shares of Common Stock and an extra 5,159 shares of Series F Cumulative Redeemable Preferred Stock.

A few days later, on Jan. 17th, Leslie Michelson, Board Director, acquired 6,900 American Realty Capital Properties Inc (NASDAQ:ARCP) shares of Common Stock in two separate transactions. On the one hand, he acquired 5,500 shares at a price of $13.5399 per share, increasing his holdings to 51,500 shares. In addition, Mr. Michelson bought 1,400 shares for $13.48 each, which are now held by an immediate family member.

David Simon

Both purchases follow a couple of 8-K forms filed at the U.S. Securities and Exchange Commission “regarding the settlement of certain litigation relating to, among other things, the Agreement and Plan of Merger” (Sec.gov) with Cole Real Estate Investments, Inc. This is quite understandable, since new opportunities will unlock as soon as the merger goes through, which could certainly make the stock price rise.

However, even before these forms were filed, American Realty Capital Properties Inc (NASDAQ:ARCP) witnessed strong insider activity. Since the beginning of 2014, at least 6 other insiders, including the company´s Chief Executive Officer, Chief Investment Officer and President, in addition to several Board Directors, added stock to their portfolios.

Furthermore, it is not only insiders that are betting on American Realty Capital Properties Inc (NASDAQ:ARCP). David Simon‘s Twin Capital Management in its latest 13F showed that it had increased its position in the company by more than 50% and now owns 5,724,867 shares (which comprises about 19% of its total holdings). Another fund that seems to feel bullish about this company is Jay Petschek and Steven Major‘s Corsair Capital Management, which also upped its stakes lately (by more than 40%) and now owns 2,644,126 shares, which account for more than 4% of its portfolio´s value.

In addition, several major hedge funds like Ken Griffin‘s Citadel Investment Group and D. E. Shaw hold company bonds worth several million dollars.

* “Purchased by spouse as trustee of trust for the benefit of the reporting person’s children.” (Sec.gov)

 

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

One Insider Ups His Stake at Hovnanian Enterprises (HOV)

Insider Watch: 5 Stocks Scott D. Sandell Likes

Insider Bets On EP Energy Corp (EPE)’s IPO

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!