Insider Selling at Ford Motor Company (F), Plus Insider Buying at Four Other Companies

Mini-Cluster of Insider Buying at Expanding Oil and Natural Gas Company

Two different insiders at Synergy Resources Corp (NYSEMKT:SYRG) purchased shares this week. To begin with, President and Chief Executive Officer Lynn A. Peterson bought 49,071 shares on Thursday at $6.00 apiece, a purchase that lifted his ownership stake to 489,367 shares. According to the filing that disclosed the purchase, this was a privately negotiated purchase transaction. Moreover, Board member Daniel E. Kelly acquired 15,000 shares a day earlier for $6.49 each. After the recent purchase, Mr. Kelly currently holds an ownership stake of 31,272 shares.

The growth-oriented independent oil and natural gas company has seen the value of its shares decline by 21% this year. Synergy Resources Corp (NYSEMKT:SYRG) engages in the acquisition, development and production of crude oil and natural gas in the D-J Basin, viewed as one of the premier, liquids-rich oil and gas resource plays in the United States. In late September, analysts at RBC Capital Markets initiated coverage on Synergy Resources with an ‘Outperform’ rating and a price target of $9, saying that the company’s “upgraded core Wattenberg Fairway asset base and robust production growth story remain underappreciated in our view”. In early May, Synergy Resources agreed to acquire around 72,000 gross acres in the area referred to as the Greeley-Crescent project in the Wattenberg Field for $505 million. Debra Fine’s Fine Capital Partners was the owner of 6.14 million shares of Synergy Resources Corp (NYSEMKT:SYRG) at the end of the second quarter.

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CEO of Transitioning REIT Purchases Shares

Although Insider Monkey already discussed some insider buying at Investors Real Estate Trust (NYSE:IRET) this week, the insider buying reported with the SEC on Thursday could not be ignored by any means. Timothy P. Mihalick, the CEO of the equity real estate investment trust, snatched up 22,500 shares on Thursday at a price tag of $5.73 per share. Following the recent transaction, Mr. Mihalick currently owns 318,408 shares.

As mentioned in our previous articles, Investors Real Estate Trust (NYSE:IRET) has been undergoing a transition towards a pure-play multifamily REIT in recent months. The company’s real estate properties comprise multifamily, healthcare and other properties located in the upper Midwest states of Minnesota and North Dakota. The demand for investment and institutional quality real estate in the REIT’s markets has been strong according to a recent filing. However, the company has been facing some challenges in an energy-impacted market, where Investors Real Estate Trust experienced very high vacancies that forced the company to offer rent concessions to attract residents. Ken Griffin’s Citadel Advisors LLC had around 249,000 shares of Investors Real Estate Trust (NYSE:IRET) among its holdings at the end of June.

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The final page of this article discusses several insider transactions observed at two other companies.