Insider Trading Alert - SKT, GNRC And MRH Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, June 2, 2014, 92 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $256.46 to $6,915,950.00.

Highlighted Stocks Traded by Insiders:

Tanger Factory Outlet Centers (SKT) - FREE Research Report

Worsham Charles Allen, who is SVP,Construction & Development at Tanger Factory Outlet Centers, sold 1,400 shares at $35.60 on June 2, 2014. Following this transaction, the SVP,Construction & Development owned 13,200 shares meaning that the stake was reduced by 9.59% with the 1,400-share transaction.

The shares most recently traded at $36.00, up $0.40, or 1.11% since the insider transaction. Historical insider transactions for Tanger Factory Outlet Centers go as follows:

  • 4-Week # shares sold: 4,750
  • 12-Week # shares sold: 20,850
  • 24-Week # shares sold: 47,470

The average volume for Tanger Factory Outlet Centers has been 662,200 shares per day over the past 30 days. Tanger Factory Outlet Centers has a market cap of $3.4 billion and is part of the financial sector and real estate industry. Shares are up 12.68% year-to-date as of the close of trading on Monday.

Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The firm invests in the real estate markets in United States. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. Tanger Factory Outlet Centers, Inc. The stock currently has a dividend yield of 2.71%. The company has a P/E ratio of 31.4. Currently, there are 2 analysts who rate Tanger Factory Outlet Centers a buy, 1 analyst rates it a sell, and 4 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on SKT - FREE

TheStreet Quant Ratings rates Tanger Factory Outlet Centers as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins, unimpressive growth in net income and feeble growth in the company's earnings per share. Get the full Tanger Factory Outlet Centers Ratings Report from TheStreet Quant Ratings now.

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