Insider Buying: Michael V. Shustek Buys 15,000 Shares of Vestin Realty Mortgage I Stock (VRTA)
Vestin Realty Mortgage I (NASDAQ:VRTA) CEO Michael V. Shustek acquired 15,000 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The shares were purchased at an average cost of $1.49 per share, for a total transaction of $22,350.00. Following the completion of the transaction, the chief executive officer now directly owns 533,721 shares of the company’s stock, valued at approximately $795,244. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Barclays initiated coverage on shares of Vestin Realty Mortgage I in a research note on Monday, July 14th. They set an “overweight” rating and a $45.00 price target on the stock.
Shares of Vestin Realty Mortgage I (NASDAQ:VRTA) traded up 9.55% during mid-day trading on Thursday, hitting $1.72. 47,949 shares of the company’s stock traded hands. Vestin Realty Mortgage I has a 1-year low of $1.35 and a 1-year high of $2.05. The stock’s 50-day moving average is $1.51 and its 200-day moving average is $1.52. The company’s market cap is $9.8 million.
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