CEO of Small Farmland Owner Purchases Some Shares
The man at the helm of Farmland Partners Inc. (NYSE:FPI) also purchased a sizable block of shares this week. President and Chief Executive Officer Paul A. Pittman bought 33,600 shares on Monday at a price tag of $10.42 each. After the recent purchase, Mr. Pittman currently owns 461,304 shares.
The real estate company that acquires and owns farmland located in agricultural markets throughout North America has seen its market value jump by 6% since the beginning of 2016. Farmland Partners Inc. (NYSE:FPI) generates most of its revenues from renting farmland to operators of farming businesses. The REIT’s total rental income under cash leases for the same-property portfolio grew to $2.1 million in the June quarter from $2.0 million recorded a year ago, reflecting an increase in the average annual rent to $186 per acre from $182 per acre. There were a mere three hedge funds followed by Insider Monkey with long positions in the REIT at the end of the second quarter. Jim Simons’ Renaissance Technologies LLC was the owner of 326,500 shares of Farmland Partners Inc. (NYSE:FPI) at the end of the April-June quarter.
Corporate Insider Buys More Shares of Air Logistics Provider
One Board member at Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) bought more shares of his own company this week after having bought a 10,000-share block at the beginning of August. Director John K. Wulff acquired 5,000 shares on Monday at prices varying from $35.88 to $35.90 per share, lifting his overall ownership to 25,000 shares.
The shares of the provider of outsourced aircraft and aviation operating services are 10% in the red thus far in 2016. In May, Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) sealed a new partnership with e-commerce giant Amazon.com Inc. (NASDAQ:AMZN), under which the air logistics provider will use 20 Boeing 767’s to provide support for Amazon’s deliveries. Just recently, Atlas Air also inked a five-year agreement with FedEx Express to provide five 747-400 freighter aircraft for peak flying seasons from the beginning of 2017 through 2021. Ken Fisher’s Fisher Asset Management reported ownership of 1.21 million shares of Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) in its latest quarterly 13F.
The final page of this article will discuss fresh insider selling registered at two other companies.