Resource America, Inc. (REXI) Files Form 4 Insider Selling : Leon G Cooperman Sells 414,787 Shares

Resource America, Inc. (REXI): Leon G Cooperman , 10% owner of Resource America, Inc. sold 414,787 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $9.62 per share for a total value of $3,989,583.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 16, 2015, Jeffrey F Brotman (Executive Vice President) purchased 7,500 shares at $3.84 per share price.On Dec 16, 2015, Hersh Kozlov (director) purchased 4,500 shares at $3.84 per share price.Also, On Dec 15, 2015, Alan F Feldman (Senior Vice President) purchased 5,000 shares at $4.00 per share price.On Jun 24, 2015, Leon G Cooperman (10% owner) sold 16,981 shares at $8.56 per share price.

Resource America Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Resource America Inc which led to swings in the share price. The shares opened for trading at $6.26 and hit $6.5 on the upside , eventually ending the session at $6.46, with a gain of 4.03% or 0.25 points. The heightened volatility saw the trading volume jump to 15,126 shares. The 52-week high of the share price is $8.6 and the company has a market cap of $134,633 M . The 52-week low of the share price is at $3.54.

Resource America Inc Money Flow Index Chart

Resource America Inc. is an asset management company. The Company evaluates originates services and manages investment opportunities through its real estate financial fund management and commercial finance subsidiaries as well as its joint ventures. The Company operates in three segments: Real Estate Financial Fund Management and Commercial Finance. Its financial fund management segment focuses on the sponsorship and management of collateralized loan obligations (CLOs) and the management of legacy Collateralized Debt Obligations. Its real estate and financial fund management segments acquire and manage assets on behalf of Resource Capital Corp. It maintains an investment in the funds it sponsors. It concentrates on the ownership operation and management of multifamily and commercial real estate and real estate mortgage loans. It focuses on acquiring and managing a portfolio of commercial real estate and real estate related debt as well as value-added multifamily investments.

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