Battered Heritage Insurance Holdings Inc. (HRTG) Has Four Insiders Buy Shares; Four Other Companies See Noteworthy Insider Trading

Healthcare-Focused REIT Sporting Dividend Yield Above 6% Registers Insider Selling

Medical Properties Trust Inc. (NYSE:MPW) has seen numerous executives offload shares in the past several months, so let’s have a quick look at the most recent activity. Executive Vice President and Chief Financial Officer R. Steven Hamner sold 68,000 shares on Tuesday at a sale price of $14.74 per share, trimming his overall holding to 952,558 shares. The self-advised real estate investment trust focused on owning net-leased healthcare facilities across the U.S. has seen its market capitalization gain 28% since the start of 2016. Despite the impressive stock price appreciation, Medical Properties Trust Inc. (NYSE:MPW) continues to sport an exceptional dividend yield of 6.24%. In late May, the REIT’s boardroom approved a quarterly cash dividend of $0.23 per share, which compares to the dividend of $0.22 per share paid previously. The REIT pays out between 75% and 80% of adjusted funds from operations, which is among the best payout rations in the sector. Amy Minella’s Cardinal Capital has 3.66 million shares of Medical Properties Trust Inc. (NYSE:MPW) in its equity portfolio as of the end of March.

DoD Contractor Registers Insider Selling Near 52-Week High

Science Applications International Corp (NYSE:SAIC)’s Chief Financial Officer, John R. Hartley, unloaded 13,000 shares on Wednesday at prices ranging from $56.70 to $57.07 per share, which cut his ownership to 46,594 shares. Mr. Hartley also holds an indirect ownership stake of 6,259 shares, which is held through the SAIC Retirement Plan. The shares of the provider of technical, engineering and enterprise IT services to the U.S. government recently touched a new 52-week high of $61.93, after the stock has gained nearly 24% year-to-date. Earlier this month, Science Applications International Corp (NYSE:SAIC) announced its financial results for the first quarter of fiscal 2017 that ended May 6, disclosing revenues of $1.22 billion versus $1.01 billion posted for the same period of the prior year. Roughly 95% of the company’s top line in fiscal 2016 were derived from contracts with the U.S. government and more than 60% were generated from contracts with the Department of Defense. Joe Huber’s Huber Capital Management was the owner of 662,313 shares of Science Applications International Corp (NYSE:SAIC) at the end of the first quarter.

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