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

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 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!