Franklin BSP: Q1 Earnings Snapshot
NEW YORK — NEW YORK — Franklin BSP Realty Trust, Inc. (FBRT) on Monday reported earnings of $24.1 million in its first quarter.
The New York-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 31 cents per share.
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Everest Group Insiders Placed Bullish Bets Worth US$1.34m
Over the last year, a good number of insiders have significantly increased their holdings in Everest Group, Ltd. (NYSE:EG). This is encouraging because it indicates that insiders are more optimistic about the company's prospects. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The Independent Director William Galtney made the biggest insider purchase in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$349 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$335). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Happily, we note that in the last year insiders paid US$1.3m for 3.87k shares. But insiders sold 2.80k shares worth US$1m. In the last twelve months there was more buying than selling by Everest Group insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! See our latest analysis for Everest Group Everest Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. There was substantially more insider selling, than buying, of Everest Group shares over the last three months. In that time, Independent Director Geraldine Losquadro dumped US$541k worth of shares. Meanwhile CEO, President & Director James Williamson bought US$338k worth. Because the selling vastly outweighs the buying, we'd say this is a somewhat bearish sign. For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Everest Group insiders own 1.4% of the company, currently worth about US$200m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. Unfortunately, there has been more insider selling of Everest Group stock, than buying, in the last three months. In contrast, they appear keener if you look at the last twelve months. We are also comforted by the high levels of insider ownership. So we're not too bothered by recent selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Everest Group. You'd be interested to know, that we found 1 warning sign for Everest Group and we suggest you have a look. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
