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

By Carrie Williams

Yesterday, the SVP & GC of Consolidated-Tomoka Land Co (NYSE MKT: CTO), Daniel Earl Smith, bought shares of CTO for $15.19K.

This recent transaction increases Daniel Earl Smith’s holding in the company by 2.88% to a total of $392.6K. In addition to Daniel Earl Smith, 2 other CTO executives reported Buy trades in the last month.

Based on Consolidated-Tomoka Land Co’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $27.12 million and quarterly net profit of $5.1 million. In comparison, last year the company earned revenue of $19.78 million and had a net profit of $5.69 million. The company has a one year high of $56.49 and a one year low of $44.48. CTO’s market cap is $290.4M and the company has a P/E ratio of 17.58.

Starting in January 2017, CTO received 5 Buy ratings in a row.

The insider sentiment on Consolidated-Tomoka Land Co has been positive according to 37 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Daniel Earl Smith’s trades have generated a 0.8% 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 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.