Catchmark Timber Trust Inc (CTT) Insider Buys 1,000 Shares

Catchmark Timber Trust Inc (NYSE:CTT), watched as a high level insider executed a transaction that began last week and was officially filed today, September 8th, resulting in the rise of their exposure to the company. Director Henry G. Zigtema acquired 1,000 shares of common stock at an average price of $11.89 per share, and now has a total of 4,575 shares directly invested in the corporation. Moreover, Catchmark Timber Trust Inc (NYSE:CTT), is a $477.77 million market cap real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States.
In addition, one large outside investor in the company is Citadel Investment Group, the hedge fund run by billionaire Ken Griffin. After raising its activity by 82% over the course of the last fiscal quarter, the fund now holds 32,847 shares worth about $449 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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