Insider Buying at Baker Hughes, Pure-Play SNF REIT, and Car Rental Giant Hertz Global, Plus Insider Selling at 2 Companies

Board Members at Pure-Play SNF REIT Pile Up Shares

Two members of Care Capital Properties Inc. (NYSE:CCP)’s Board of Directors purchased some shares earlier this week. Douglas Crocker II, Chairman of the company’s Board, snapped up 20,000 shares on Monday at prices that fell between $23.40 and $23.41 per share, a purchase that lifted his ownership stake to 78,290 shares. John L. Workman, yet another member of CCP’s boardroom, bought a 10,000-share block on Tuesday at a weighted average price of $23.76 per share. After the recent purchase, Mr. Workman currently holds an aggregate of 22,466 shares.

Care Capital Properties Inc. (NYSE:CCP) operates as a self-managed REIT with a diversified portfolio of skilled nursing facilities and other healthcare assets operated by private regional and local care providers. As the Federal Reserve has done its best to warn us that we are entering a period of tightening monetary policy, income-paying REITs will likely lose some of their attractiveness in the near term. At the end of September, Care Capital Properties paid a cash dividend of $0.57 per share, which yields an attractive annual yield of 9.71%. The shares of CCP are 23% in the red this year. Israel Englander’s Millennium Management was the owner of around 568,000 shares of Care Capital Properties Inc. (NYSE:CCP) at the end of September.

Follow Care Capital Properties Inc. (LON:CCP)

Executives at Battered Car Rental Giant Buys Shares amid Share Price Weakness

Some members of Hertz Global Holdings Inc. (NYSE:HTZ)’s executive team feel the company’s shares represent an attractive buy at the moment. Thomas C. Kennedy, Chief Financial Officer and Senior Executive Vice President, snatched up 10,000 shares on Monday at prices varying from $28.00 to $28.11 per share. Mr. Kennedy currently holds an ownership stake of 31,200 shares following the recent purchase. Tyler A. Best, Chief Information Officer and Executive Vice President, bought 14,320 shares last Friday at a price of $27.93 per share, nearly doubling his holding to 28,810 shares.

In late June, former Hertz Global Holdings completed the separation of its car rental business and equipment rental business into two separate companies. Hertz Global Holdings Inc. (NYSE:HTZ), which operates the rental-car business, has seen its market capitalization decline by a disturbing 46% in the past three months. The car rental giant, whose business operations involve renting and leasing vehicles through the Hertz, Dollar, and Thrifty brands, has been struggling to satisfy investors with its bottom-line performance due to depreciation on vehicles and slower-than-anticipated cost savings. Some analysts believe that the deterioration in demand and mis-execution on the part of the management also explain Hertz’s recent poor performance. Activist investor Carl Icahn boosted his ownership stake in Hertz Global Holdings Inc. (NYSE:HTZ) by 8.63 million shares during the third quarter to 12.94 million shares.

Follow Hertz Global Holdings Inc

The final page of this article will discuss fresh insider selling observed at two other companies.