On November 7, 2024, Robert Hain, a Director at ARMOUR Residential REIT Inc (ARR, Financial), purchased 2,500 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 9,023 shares of ARMOUR Residential REIT Inc.
ARMOUR Residential REIT Inc is a real estate investment trust that primarily invests in residential mortgage-backed securities. The company's portfolio includes both government-sponsored and privately issued securities.
The shares were acquired at a price of $19.08 each, valuing the transaction at $47,700. This purchase reflects the insider's increasing stake in the company amidst its current financial metrics. As of the transaction date, ARMOUR Residential REIT Inc has a market cap of approximately $1.08 billion.
The company's price-earnings ratio stands at 8.18, which is below the industry median of 15.405, indicating a potentially undervalued status compared to its peers.
Over the past year, there have been three insider buys and two insider sells at ARMOUR Residential REIT Inc. The insider transaction trend can be visualized in the following chart:
This recent acquisition by the insider could signal a positive outlook on the company's value, as assessed through the GF Value metric, despite the company's stock trading below its historical median in terms of price-earnings ratio.
For more detailed information on ARMOUR Residential REIT Inc's financials and insider transactions, interested parties are encouraged to review the official SEC filings and further explore the company's stock metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow.
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.
