As reported in a recent SEC filing, on May 1, 2024, Director Mark Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) stock. The transaction took place at a price of $10 per share.
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, acquires, invests in and manages commercial first mortgages, subordinated loans, commercial mortgage-backed securities and other commercial real estate-related debt investments.
The insider selling is part of a broader trend where the company has had more insider selling than buying over the past year. Specifically, there were 7 insider sales and only 1 insider buy during this period.
In the past year, Mark Biderman sold a total of 25,000 shares of the company's stock and bought no shares.
Apollo Commercial Real Estate Finance shares traded at $10 on the day of the sale, giving the company a market capitalization of approximately $1.44 billion.
According to GF Value, the stock is currently moderately undervalued with a price to GF Value ratio of 0.83 based on a GF Value of $12.01. GF Value is calculated by considering historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio, and price-to-free cash flow, as well as GuruFocus adjustment factors and analyst estimates of future performance.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
