The SVP & GC of Consolidated-Tomoka Land Co. (NYSE MKT: CTO) is Buying Shares

By George MacDonald

Today, the SVP & GC of Consolidated-Tomoka Land Co. (NYSE MKT: CTO), Daniel Earl Smith, bought shares of CTO for $11.54k.

Daniel Earl Smith increased his holding by 2.82% to a total of $6.46. Following Daniel Earl Smith’s last CTO Buy transaction on February 18, 2016, the stock climbed by 1.7%.

Based on Consolidated-Tomoka Land Co.`s latest earnings report from December 31, the company posted quarterly revenue of $18.91M and quarterly net profit of $5.69M. In comparison, last year the company earned revenue of $6.68M and had a net profit of $353.4k. The company has a one year high of $60.09 and a one year low of $42.53. CTO’s market cap is $286.8M and the company has a P/E ratio of 30.50%.

Looking at blogger coverage of CTO, there is a 66% Bullish tendency on the stock, in relation to a 73% average bullish tendency within the Financial sector.

Over the last 3 months, the insider sentiment on Consolidated-Tomoka Land Co. has been positive based on 30 corporate insider transactions. This sentiment is higher than the average sector sentiment of insiders.

Consolidated Tomoka Land Co. is a diversified real estate operating company. The company operates in four business segments: income properties, commercial loan investments, real estate operations, and golf operations. The Commercial loan Investments segment consists of one loan collateralized by a hotel property in Atlanta, Georgia. The Real Estate Operations segment consists of revenues generated from land transactions and leasing and royalty income from its interests in subsurface oil, gas and mineral rights. The Income Properties segment consists primarily of income producing properties and its business plan is to focus on investing in additional income-producing properties. The Golf Operations segment consist of a single property located in the city, with two 18-hole championship golf courses, a practice facility, and clubhouse facilities, including a restaurant and bar operation and pro-shop with retail merchandise. The company was founded in 1902 and is headquartered in Daytona Beach, FL.