Largest U.S. Beauty Retailer and Single-Family REIT Register Massive Insider Selling, Plus Other Insider Transactions

Board Member of Healthcare Cost Containment Solutions Provider Buys Shares

One member of HMS Holdings Corp (NASDAQ:HMSY)’s boardroom also purchased some shares earlier this week. Robert Becker, appointed to the company’s Board of Directors in late January of 2016, snatched up 5,000 shares on Wednesday at a price tag of $21.96 each; the purchase boosted his ownership to 11,701 shares.

HMS Holdings Corp (NASDAQ:HMSY), a provider of cost containment solutions in the healthcare industry, has seen its market capitalization skyrocket by 76% since the start of the year. Earlier this month, the company announced the acquisition of a privately-held care management software company, called Essette, for around $20 million in cash. Essette offers a web-based care management platform that assists healthcare organizations in identifying, engaging and managing at-risk patient populations. An important reason behind the aforementioned acquisition relates to the recurring revenue potential for the Essette workflow solutions. Carson Yost’s Yost Capital Management was the owner of 953,609 shares of HMS Holdings Corp (NASDAQ:HMSY) at the end of the April-June quarter.

Interim Co-CEO of Specialty Finance Company Boosts Holding

A highly-influential executive at Ares Commercial Real Estate Corp (NYSE:ACRE) also bought some shares this week. Robert L. Rosen, Chairman and Interim co-Chief Executive Officer, acquired 4,011 shares on Tuesday and 5,989 shares on Wednesday at prices that fell between $12.20 and $12.44 per share. Following these transactions, Mr. Rosen currently owns 56,002 shares.

The shares of the specialty finance company that operates as a principal lender and mortgage banker with respect to loans collateralized by multifamily and senior-living properties are up 9% thus far in 2016. In late June, Ares Commercial Real Estate Corp (NYSE:ACRE) agreed to sell its mortgage banking business to asset manager Cornerstone Real Estate Advisors LLC for $93 million in cash. The deal doubled Cornerstone’s multifamily loan portfolio to $10 billion. Jim Simons’ Renaissance Technologies LLC trimmed its position in Ares Commercial Real Estate Corp (NYSE:ACRE) by 48% during the June quarter to 304,400 shares.

The final page of this article will discuss noteworthy insider selling registered at two other companies.