The COB of ARMOUR Residential REIT Inc (NYSE: ARR) is Buying Shares

By Carrie Williams

Today, the COB of ARMOUR Residential REIT Inc (ARRResearch Report), Daniel Staton, bought shares of ARR for $251K.

This recent transaction increases Daniel Staton’s holding in the company by 4.74% to a total of $5.54 million. This is Staton’s first transaction since reporting a Buy transaction on JMI back in June 2015

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Currently, ARMOUR Residential REIT Inc has an average volume of 601.1K.

In the last 30 days, insiders have sold $251K worth of ARR shares and purchased $280.6K worth of ARR shares. The insider sentiment on ARMOUR Residential REIT Inc has been positive according to 21 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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ARMOUR Residential REIT, Inc. operates as a real estate investment trust, which engages in the business of investing in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage backed securities. It also invests in residential mortgage backed securities issued or guaranteed by a United States government-sponsored entity such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or guaranteed by the Government National Mortgage Administration. The company was founded on February 5, 2008 and is headquartered in Vero Beach, FL.