Broad Street Realty, Inc. (NASDAQ: BRST ) Director Samuel M. Spiritos recently increased his stake in the company, purchasing 30,000 shares of common stock at an average price of $0.37 per share, for a total transaction value of 11,100 Dollar. According to the latest SEC filings, the transaction took place on May 17, 2024.
The shares were purchased in multiple trades at prices ranging from $0.36 to $0.40. The acquisition increases Spiritos’ direct stake in the real estate company to 324,560 shares. In addition, Spiritos indirectly owns 13,827 shares through his management position at SR BSV Spotswood LLC, although he denies beneficial ownership of these securities other than a pecuniary interest.
Insider purchases of stock in a company like Spiritos are often seen by investors as a sign of confidence in the company’s future prospects. Broad Street Realty is engaged in the real estate industry, has its business address in Reston, Virginia, and is incorporated in the State of Delaware.
Investors and shareholders of Broad Street Realty, Inc. may request detailed information about the purchase transaction from Spiritos, as set forth in a footnote to the SEC filing.
Investment Professional Insights
Broad Street Realty, Inc. (NASDAQ: BRST )’s financial metrics and stock performance have changed significantly, as the latest data from InvestingPro highlights. Despite the challenging market, Director Samuel M. Spiritos recently acquired 30,000 shares, signaling optimism for the company’s growth trajectory. Spiritos’ stake increase coincides with a profitable period for Broad Street Realty, as the company has been profitable over the past 12 months.
InvestingPro Tip shows that Broad Street Realty has had high returns over the last year. This is consistent with the company’s reported gross margin of 67.42% for the trailing 12 months ended Q1 2024, demonstrating its ability to maintain operating profitability. In addition, the company’s EBITDA grew by 21.44% during the same period, reflecting strong operating performance.
However, the company’s shares have been trading at a high price-to-earnings ratio of 0.91, another tip from InvestingPro that could indicate the stock is highly valued relative to its book value. This may be a focal point for investors considering the company’s current share price relative to its underlying assets.
For investors seeking a deeper understanding of Broad Street Realty’s financial health and stock performance, there are additional InvestingPro Tips available. These tips provide a comprehensive analysis of a company’s long-term trends and investment potential. To get these insights, visit https://www.investing.com/pro/BRST and remember to use the coupon code PRONEWS24 Annual or biennial Pro and Pro+ subscriptions receive an additional 10% discount.
InvestingPro Data also shows that while the company’s revenue grew 11.76% in the past 12 months to the first quarter of 2024, quarterly revenue fell by 9.53% in the first quarter of 2024. .
Armed with these insights, investors can better evaluate the investment prospects of Broad Street Realty, Inc., taking into account the internal confidence reflected in Spiritos stock purchases and the detailed financial data provided by InvestingPro.
This article was generated with the support of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.
