CIM Commercial Trust Corp (CMCT), Tri Pointe Homes Inc (TPH), Select Income REIT (SIR): Three Companies With Big Insider Purchases

Research recently conducted by InsiderMonkey has shown that stocks with multiple insider purchases outperformed the market by an average of 7 percentage points per year. Over the past few days, a few small-cap companies saw several of their insiders acquire their stock –or one of them purchase a big chunk of it. Let’s look into some of the most interesting transactions.

Tri Pointe Homes

Since the beginning of the month, CIM Commercial Trust Corp (NASDAQ:CMCT) saw four of its insiders acquire more than $11.8 million in stock. Three Board Directors and Large Shareholders, Avraham ShemeshShaul Kuba, and Richard Ressler, each acquired 121,405 shares of Common Stock, pursuant to a Rule 10b5-1 trading plan, adopted on Jan. 29 2014. In addition, member of 10% owner group, CIM Service Provider, LLC bought the same amount of stock over July.

Although insiders seem to love CIM Commercial Trust Corp (NASDAQ:CMCT), this $1.44 billion market cap real estate investment trust (that mainly originates loans to small businesses, mainly in the limited service hospitality industry) has only one major hedge fund supporter. This is James Dondero’s Highland Capital Management, which recently disclosed having started a position at CIM Commercial Trust Corp (NASDAQ:CMCT), with 27,500 shares.

Tri Pointe Homes Inc (NYSE:TPH), a $2.43 billion market cap homebuilder and constructive services provider, saw one Large Shareholders (which qualifies as an insider) purchase almost $5 million in stock over the first couple of days of the month. Carlson Capital, a hedge fund managed by Clint Carlson, purchased 321,300 shares of Tri Pointe Homes Inc (NYSE:TPH), for prices ranging from $15.46 per share to $15.60 per share. Following the reported transactions, this Large Shareholder (more than 10% owner) holds 4.23 million shares of the company.

Other hedge fund that seem bullish about Tri Pointe Homes Inc (NYSE:TPH) are Robert Henry Lynch’s Aristeia Capital, which started a position over Q1, with 1.6 million shares; D. E. Shaw, which upped its stake by 7%, to 775,000 shares; and Chuck Royce’s Royce & Associates, which almost doubled its exposure, and now owns 645,672 shares.

Finally, there’s a company that saw a big insider purchase in the past few days: Select Income REIT (NYSE:SIR), a $1.76 billion market cap real estate investment trust that primarily owns and invests in single tenant properties. This REIT saw Barry Portnoy, Director and Large Shareholder, spend more than $15.75 million in its stock on July 9. The insider acquired 500,000 shares of Select Income REIT (NYSE:SIR) for $31.51 per share, and now owns 302,369 shares of the company.

On top of Mr. Portnoy, several major hedge funds are betting on Select Income REIT (NYSE:SIR), a company that boasts industry-leading margins and above average returns, but still trades at less than half its peers’ mean valuation. Derek C. Schrier’s Indaba Capital Management, the largest hedge fund shareholder of record, last upped its stake by 45%, to 1.38 million shares, while Israel Englander’s Millennium Management increased its exposure by 77%, to 329,986 shares.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Subscribe

Enter your email:

Delivered by FeedBurner

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!