Insider Trading Report: Farmland Partners Inc (FPI)

Paul Pittman, CEO at Farmland Partners Inc (FPI), recently bought 1,000 additional shares. The buy increased his stake by 0.04 percent, and came to a total cost of just under $13,000.

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  • The CEO was also the last buyer of shares back in March. Overall, company insiders have bought on 20 occasions in the past three years, with just 3 insider sales over the same timeframe.

    Overall, company insiders own nearly 17.5 percent of company shares.

    The company is a real estate company that owns nearly 155,000 agricultural acres in 16 states covering 26 different crop types. Share are up nearly 93 percent in the past year, almost triple the return of the S&P 500 index.

    Action to take: Investors may like shares, given rising real estate prices as well as rising food prices. Shares pay a dividend of about 1.6 percent. That’s not huge, nor has that dividend grown. Given that the company is just coming back to profitability after more than a year of losses, shares may have further upside.

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  • Traders may like the February $12.50 calls. They’re an at-the-money trade going with a bid/ask spread of about $1.20. The trade has ample time for the current uptrend in shares to lead to high-double to low-triple digit gains. Traders may want to build a small stake now, and add to it on any market weakness in the coming weeks.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.