William Stanley, Director at American Realty Capital Properties Inc. (NASDAQ:ARCP), purchased 10,000 shares of Common Stock, directly, on Friday. The insider bought the company shares, paying a weighted average price of $12.65 per share and following his second transaction of the fiscal year, Stanley now owns a total of 102,146 company holdings. The director had already acquired 18,000 shares of American Realty’s Common Stock in June, paying a weighted average price of $12.39 per share.
Insider stock purchases have been frequent at the $11.5 billion market cap real estate trust this year. While Company Director, Scott Bowman, bought two bulks of 10,000 shares in May, paying a price of $12.27 per share, the firm’s Executive Vice President and General Counsel, Richard Silfen, made a somewhat smaller acquisition of 7,500 shares in June, for $11.80 per share.
Regarding hedge fund positions this quarter, there’s a new shareholder, in the form of John Bader’s Halcyon Asset Management, which recently acquired 6.5 million company shares, worth $91.2 million and accounting for 8.95% of the hedge fund’s portfolio.
Disclosure: none
