High-Dividend REIT Registers More Insider Buying, Plus Four Other Companies With Noteworthy Insider Transactions

This High-Dividend REIT Has Seen Its President Buy Massive Block of Shares This Week

New York Mortgage Trust Inc. (NASDAQ:NYMT) saw one of its most informed executives buy big this May. President Kevin M. Donlon bought 203,396 shares on Tuesday at prices varying from $5.82 to $5.95 per share, after he bought an additional 251,600 shares since mid-May. After the recent purchase, Mr. Donlon currently owns 460,996 shares.

The real estate investment trust that acquires, finances and manages mortgage-related assets and financial assets has seen the price of its shares appreciate 13% since the beginning of the year. In mid-March, New York Mortgage Trust Inc. (NASDAQ:NYMT)’s Board of Directors declared a quarterly cash dividend of $0.24 per share, which equates to an impressive current dividend yield of 15.89%. The REIT’s net interest income for the first quarter of 2016 decreased to $17.64 million from $21.60 million, primarily due to the sale of collateralized loan obligation securities in the second quarter of the prior year. Ken Griffin’s Citadel Advisors LLC reported ownership of 249,016 shares of New York Mortgage Trust Inc. (NASDAQ:NYMT) in its latest 13F.

This Provider of Communication Services Saw Its CEO Buy Shares This Week

West Corp (NASDAQ:WSTC) recently registered the first insider purchase at the company in 2016. Chief Executive Officer Thomas B. Baker snapped up 25,000 shares on Tuesday at prices that fell between $21.06 and $21.17 per share. After the recent purchase, Mr. Baker currently holds a stake of 1.39 million shares.

The shares of the provider of technology-enabled communication services are up 2% so far in 2016. West Corp (NASDAQ:WSTC)’s revenue for the first three months of 2016 rose $5.3 million year-over-year to $570.8 million. The increase in the company’s top-line figure was mainly driven by a series of acquisitions, including Synrevoice, ClientTell, Magnetic North and SharpSchool. In mid-March, West Corporation completed the acquisition of almost all Synrevoice’s assets for roughly $9.3 million. The acquired company operates as a provider of messaging and notification services to the K-12 education and commercial markets in North America. D.E. Shaw & Co. L.P., founded by David E. Shaw, had 266,260 shares of West Corp (NASDAQ:WSTC) in its equity portfolio at the end of March.