The SVP & CFO of Consolidated-Tomoka Land Co (NYSE MKT: CTO) is Selling Shares

By Carrie Williams

Yesterday, the SVP & CFO of Consolidated-Tomoka Land Co (CTOResearch Report), Mark Patten, sold shares of CTO for $299.6K.

Following Mark Patten’s last CTO Sell transaction on August 25, 2015, the stock climbed by 10.1%. This is Patten’s first Sell trade following 6 Buy transactions.

See today’s analyst top recommended stocks >>

CTO’s market cap is $323.7M and the company has a P/E ratio of 9.99. Currently, Consolidated-Tomoka Land Co has an average volume of 24.03K.

In the last 30 days, insiders have sold $299.6K worth of CTO shares and purchased $29.55K worth of CTO shares. The insider sentiment on Consolidated-Tomoka Land Co has been neutral according to 51 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Mark Patten’s trades have generated a 39.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Consolidated Tomoka Land Co. is a diversified real estate operating company. The company operates through the following business segments: Income Properties, Commercial Loan Investments, and Real Estate Operations.