Boston, MA 09/16/2014 (wallstreetpr) – Real estate investment trust company, Equity One, Inc. (NYSE:EQY) Director, Dor Segal, has purchased 675,000 shares through Gazit First Generation LLC, which was one of the biggest shareholders of the company.
Acquire Shares
Gazit First Generation, in which the Director has an interest, has acquired 675,000 shares at the rate of $23.3, a Form 4 filed by the company on September 15 with the regulator indicated. Segal’s firm has paid $15.73 million to acquire an additional stake. This has boosted Gazit holding to nearly 11.49 million shares valued approximately $254.9 million in Equity One, Inc. (NYSE:EQY).
The purchasing price indicated a discount of 6.8% over the yearly high price of $24.99 and a premium of 10.8% from the 52-week low price of $21.02.
The Director’s direct holding in the company is 38,450 shares worth about $853,206. However, he is also holding indirectly through MGN (USA) Inc, Ficus Inc., Silver Maple (2001), Inc. and MGN America LLC. These companies were holding 9.2 million, 5.39 million, 8.89 million, and 18.89 million shares. Together, the total holding was about 45.24 million shares valued around $940.31 million based on the closing price of $22.19 on Monday while the market capitalization was $2.76 billion.
One-Year Insider Activities
There were 15 transactions of insider trading during the last three months, according to a data from Nasdaq. Of this, ten transactions related to selling of 187,987 shares while five transactions related to acquiring of 2.04 million shares. Thus, there was a net buying activity of 1.85 million shares during the last three-month period.
Similarly, in the last 52-week period, as many as 64 transactions were reported for insider trading activities. While 24 reported activities pertained to buying of approximately 2.19 million shares, forty transactions were reported for selling 755,188 shares. As a result, there was a net buying activity of 1.43 million shares.
The last three-month buying activities by the insiders could very well suggest that there is still enough room for appreciation of the stock. Significantly, the difference between the yearly low and high price was only around $4 a share indicating less volatility or fluctuations.
