Broad Street Realty, Inc. (NASDAQ:BRST) Chief Financial Officer Alexander Topchy recently expanded his stake in the company with the purchase of additional shares. According to the latest filings, the executive acquired 71,500 shares of Broad Street Realty's common stock.
The transaction, which took place on August 16, 2024, involved a weighted average price of $0.13 per share, totaling approximately $9,295. The shares were bought in multiple transactions at prices that ranged from $0.09 to $0.21. Following this acquisition, Topchy's direct ownership in the company has increased to 425,878 shares.
Investors often monitor insider transactions as they can provide insights into an executive's confidence in the company's future performance. The acquisition of shares by a CFO may be interpreted as a positive signal about the company's financial health and prospects.
Broad Street Realty, Inc., with its headquarters in Reston, Virginia, operates within the real estate sector and is incorporated in Delaware. The company, formerly known as MedAmerica Properties Inc., Banyan Rail Services Inc., and BHIT INC, has undergone several name changes throughout its history.
For those interested in the specifics of the recent share transactions, Broad Street Realty, Inc. has committed to providing full details regarding the number of shares purchased at each price within the range upon request. This information can be provided to any security holder of Broad Street Realty, Inc. or the staff of the Securities and Exchange Commission.
The company's business address is listed as 11911 Freedom Drive, Suite 450, Reston, VA, 20190, and it can be reached by phone at 561-617-8050.
InvestingPro Insights
Broad Street Realty, Inc. (NASDAQ:BRST) has captured the attention of investors following the CFO's recent share acquisition, hinting at potential confidence in the company's trajectory. In light of this development, a closer look at the company's financial metrics and market performance can provide additional context for interested investors. Here are some key insights derived from InvestingPro:
Despite a challenging market, Broad Street Realty has demonstrated resilience, with an InvestingPro Tip highlighting the stock's tendency to move contrary to the market's general direction. This could suggest a degree of stability or a unique market position that allows it to weather broader market volatility. Moreover, the company has been profitable over the last twelve months, which is a positive sign for potential investors considering the recent insider buying activity.
From a valuation standpoint, Broad Street Realty is trading at a low Price/Earnings (P/E) ratio relative to its near-term earnings growth, which could indicate that the stock is undervalued. However, it's also trading at a high Price/Book (P/B) multiple, which suggests the market may be assigning a higher value to the company's net assets.
InvestingPro Data reveals a mixed picture of the company's performance. While Broad Street Realty has seen a Gross Profit Margin of 67.48% over the last twelve months as of Q2 2024, it has faced a quarterly revenue decline of 7.67% in Q2 2024. Additionally, the company's EBITDA grew by 17.65% during the same period, indicating some operational efficiency improvements despite the revenue challenges.
For those seeking further insights, InvestingPro offers additional tips on Broad Street Realty, Inc., which can be accessed at: https://www.investing.com/pro/BRST. With a total of 11 InvestingPro Tips available, investors can gain a more comprehensive understanding of the company's financial health and market performance.
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