On August 15, 2024, David Weinstein, Director at NewLake Capital Partners Inc (NLCP), completed a sale of 15,324 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 78,499 shares of NewLake Capital Partners Inc.

NewLake Capital Partners Inc. is engaged in the acquisition, ownership and management of specialized industrial and retail properties that are leased to state-licensed operators for their regulated cannabis facilities.

Over the last year, David Weinstein has sold a total of 62,815 shares and has not purchased any shares of the company. This recent sale is part of a broader trend seen within the company. Over the last year, there have been 5 insider sales and 6 insider purchases.

NewLake Capital Partners Inc. shares were trading at $20.76 on the day of the transaction. The company has a market capitalization of $410.211 million. The stock’s price-to-earnings ratio is 16.06, which is below the industry median of 16.835 and the company’s historical median.

According to GF Value, NewLake Capital Partners Inc.’s intrinsic value estimate that takes into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance, the stock is fairly valued at a GF Value of $20.74. This results in a Price to GF Value ratio of 1.

This insider sale may be of interest to investors following NewLake Capital Partners Inc.’s insider behavior and valuation metrics, especially given the company’s current market positioning and valuation situation.

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