Gladstone Land Corp (LAND) Files Form 4 Insider Buying : Paul W Adelgren Buys 500 Shares

Gladstone Land Corp (LAND): Paul W Adelgren , director of Gladstone Land Corp purchased 500 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.72 per share for a total value of $5,860.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 30, 2016, Caren D Merrick (director) purchased 4,432 shares at $11.29 per share price.On Aug 23, 2016, Lewis Parrish (CFO) purchased 250 shares at $11.00 per share price.Also, On May 9, 2016, Paul W Adelgren (director) purchased 1,000 shares at $10.19 per share price.On Mar 10, 2016, David Gladstone (CEO) purchased 19,000 shares at $8.87 per share price.

Gladstone Land Corp: On Monday, Sep 12, 2016 heightened volatility was witnessed in Gladstone Land Corp which led to swings in the share price. The shares opened for trading at $11.25 and hit $11.6 on the upside , eventually ending the session at $11.53, with a gain of 2.31% or 0.26 points. The heightened volatility saw the trading volume jump to 33,987 shares. The 52-week high of the share price is $12 and the company has a market cap of $116 M . The 52-week low of the share price is at $6.72.

Gladstone Land Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Gladstone Land Corp is Downgraded by JMP Securities to Mkt Perform. Earlier the firm had a rating of Mkt Outperform on the company shares. The Rating was issued on Aug 15, 2016.

Gladstone Land Corporation is an externally-managed agricultural Real Estate Investment Trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations. As of December 31 2014 the Company owns 8370 acres consisted of 33 farms 15 in California nine in Florida four in Michigan four in Oregon and one in Arizona. The Company also owns three cooling facilities and one box barn. These properties are leased to 30 separate and unrelated tenants that are either corporate or independent farmers. The Company’s business and real estate portfolio investments are managed by Gladstone Management Corporation.

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