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Top Buys by Top Brass: Chairman of the Board Sabin's $124.3K Bet on EXL

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $124.3K by Gary B. Sabin, Chairman of the Board / CEO at Excel Trust Inc. (EXL).

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

Sabin bets big on EXL:
Purchased Insider Title Shares Price/Share Value
02/18/2014 Gary B. Sabin Chairman of the Board / CEO 10,000 $12.43 $124,289.00

Sabin's average cost works out to $12.43/share. In trading on Thursday, bargain hunters could buy shares of Excel Trust Inc. (EXL) and achieve a cost basis lower than Sabin, with shares changing hands as low as $12.36 per share. Shares of Excel Trust Inc. were changing hands at $12.40 at last check, trading off about 0.1% on Thursday. The chart below shows the one year performance of EXL shares, versus its 200 day moving average:

Excel Trust Inc. Chart

Looking at the chart above, EXL's low point in its 52 week range is $10.96 per share, with $15.40 as the 52 week high point — that compares with a last trade of $12.40.

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