On May 1, 2024, Director Mark Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance Inc (NYSE:ARI) as reported in a recent SEC Filing. The transaction occurred 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 performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities, and other commercial real estate-related debt investments.
The sale by the insider is part of a broader trend where the company has seen more insider selling than buying over the past year. Specifically, there have been 7 insider sells and only 1 insider buy during this period.
Over the past year, Mark Biderman has sold a total of 25,000 shares of the company and has not purchased any shares.
The shares of Apollo Commercial Real Estate Finance Inc were trading at $10 on the day of the sale, giving the company a market cap of approximately $1.44 billion.
According to GF Value, the stock is currently modestly undervalued with a price-to-GF-Value ratio of 0.83, based on a GF Value of $12.01. The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor and future business performance estimates from analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.