Significant Insider Selling at Three Companies; Insider Buying at Cenveo Inc. (CVO) and UMH Properties Inc. (UMH)

Board Member at New Jersey-headquartered REIT Buys Shares Despite Strong Stock Performance

One member of UMH Properties Inc. (NYSE:UMH)’s Board of Directors also purchases some shares this week. Independent Director James E. Mitchell acquired 3,000 shares on Thursday at a cost of $11.88 per share, a purchase that boosted his overall ownership of common stock to 191,844 units.

UMH Properties Inc. (NYSE:UMH) operates as a real estate investment trust focused on manufactured home communities, with the company’s primary business activities involving the lease of manufactured home spaces on an annual or month-to-month bases to residential manufactured home owners. The New Jersey-headquartered REIT has seen the value of its stock jump by 18% since the beginning of the year. Earlier this week, UMH Properties completed the $2.95 million-acquisition of two communities located in Ohio. The freshly-acquired communities are part of a five community-portfolio, with the acquisition of the remaining communities anticipated to close by the end of the year. Jim Simons’ Renaissance Technologies LLC owns 454,800 shares of UMH Properties Inc. (NYSE:UMH) as of the end of the second quarter.

CFO of Provider of Cloud-Based HCM Software Offloads Shares

A top-ranking executive at Paycom Software Inc. (NYSE:PAYC) discarded a sizable block of shares earlier this week. Craig E. Boelte, the company’s Chief Financial Officer since February 2006, sold 40,000 shares on Tuesday at prices varying from $51.04 to $51.42 per share. Mr. Boelte also offered 1,700 shares as a bona-fide gift on Monday. Following these transactions, the CFO currently owns 370,997 shares.

The shares of the provider of cloud-based human capital management (HCM) software are 36% in the green thus far in 2016. Paycom Software Inc. (NYSE:PAYC)’s total revenues for the second quarter were $73.88 million, up from $48.97 million recorded a year ago. The impressive increase in the company’s top line was mainly driven by a mix of factors, which include application enhancements, improvements in client training, as well as increased productivity among its sales representatives. Clint Carlson’s Carlson Capital LP has 573,450 shares of Paycom Software Inc. (NYSE:PAYC) among its holdings as of June 30.

The final page of the article will reveal noteworthy insider selling at two other companies.