On August 13, 2024, David Weinstein, Director at NewLake Capital Partners Inc (NLCP), completed a sale of 23,641 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 93,823 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 47,491 shares and has not purchased any of the company’s own shares. This recent sale is part of a broader trend seen within the company. Over the last year, there have been 6 insider purchases and 4 insider sales.
NewLake Capital Partners Inc. shares traded at $20.42 on the day of the transaction, giving the company a market capitalization of $426.621 million. The stock’s price-to-earnings ratio is 16.38, slightly below the industry median of 16.52 and the company’s historical median.
According to the GF Value, an estimate of intrinsic value used to determine whether a stock is overvalued, undervalued, or fairly valued, NewLake Capital Partners Inc. has a GF Value of $20.72. The stock’s Price-GF Value ratio is 0.99, making it fairly valued.
The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted for the company’s past performance and estimated future business results.
This insider sale could be of interest to investors who track insider behavior and evaluate the stock’s valuation metrics relative to its current trading price.
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This article first appeared on GuruFocus.
