Insider Buying: Vestin Realty Mortgage I CEO Purchases 15,000 Shares of Stock (VRTA)
Vestin Realty Mortgage I (NASDAQ:VRTA) CEO Michael V. Shustek purchased 15,000 shares of the company’s 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 acquisition, the chief executive officer now directly owns 533,721 shares in the company, valued at approximately $795,244. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Vestin Realty Mortgage I (NASDAQ:VRTA) opened at 1.80 on Monday. Vestin Realty Mortgage I has a one year low of $1.35 and a one year high of $2.05. The stock has a 50-day moving average of $1.53 and a 200-day moving average of $1.52. The company’s market cap is $10.3 million.
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.
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