Broad Street Realty CFO buys shares worth over $2,000 By Investing.com

Broad Street Realty, Inc. (NASDAQ:BRST) has reported that its Chief Financial Officer, Alexander Topchy, has recently increased his stake in the company. On September 11, 2024, Topchy made a purchase of 9,575 shares of common stock at an average price of $0.21 per share, totaling over $2,000 in investment.

The transaction was part of a series of purchases made at varying prices ranging from $0.168 to $0.246. Following this transaction, Topchy now owns a total of 450,453 shares of Broad Street Realty, Inc.

Investors often monitor the buying and selling activity of company executives as it can provide insights into their perspective on the company’s future performance. The recent purchase by the CFO might be seen as a sign of confidence in the firm’s prospects.

The company’s shares are traded on the NASDAQ stock exchange under the ticker symbol BRST, and they are involved in the real estate sector. Broad Street Realty, Inc. has a history of corporate transformations, previously known under different names such as MedAmerica Properties Inc., Banyan Rail Services Inc., and BHIT INC.

The detailed information about the exact number of shares acquired at each price point within the reported range is available upon request from Broad Street Realty, Inc., its security holders, or the Securities and Exchange Commission.

This latest acquisition by a key executive is a notable event for current and potential investors, signifying potential growth and stability within the company.

In other recent news, Sachem Capital (NYSE:) Corp. has made a significant addition to its Board of Directors with Jeffery C. Walraven. This change, effective recently, will see Walraven bringing his vast experience in real estate and public company leadership to the mortgage REIT. The CEO and Chairman of Sachem Capital, John L. Villano, expressed confidence in Walraven’s potential to enhance the company’s growth and shareholder value. Walraven’s impressive professional background includes co-founding Freehold Properties, Inc., serving as an independent director at Broad Street Realty, Inc., and holding various leadership roles at BDO USA, LLP. Brian Prinz, an independent director and Chair of the Nominating and Corporate Governance Committee, emphasized Walraven’s expertise in public company accounting and corporate finance as key assets for the role. These are part of the recent developments at Sachem Capital Corp .

InvestingPro Insights

Broad Street Realty, Inc. (NASDAQ:BRST) has seen significant executive investment activity, with CFO Alexander Topchy expanding his stake in the company. This executive move coincides with some noteworthy financial metrics and market trends for BRST, as highlighted by InvestingPro data and tips.

InvestingPro data indicates that Broad Street Realty has a notably high gross profit margin of 67.48% for the last twelve months as of Q2 2024, suggesting efficient cost management relative to its revenues of $40.27M. However, the company is currently trading at a low Price/Earnings (P/E) ratio of -0.44, which could imply that investors are undervaluing the company’s earnings potential in the near term. Additionally, the Price/Book (P/B) ratio stands at 0.8, which may attract investors looking for assets that could be undervalued relative to their book value.

Among the InvestingPro Tips, two particularly stand out for BRST. The first is the company’s high return over the last month, with a 138.64% price total return, which could signal a strong short-term performance trend. The second tip to note is that BRST does not pay a dividend to shareholders, which could be a factor for income-focused investors to consider. These insights are part of a broader collection of analysis and metrics available on InvestingPro, where users can find an additional 11 tips for BRST at https://www.investing.com/pro/BRST.

Investors eyeing Broad Street Realty may find these InvestingPro insights valuable as they provide a deeper understanding of the company’s financial health and market performance. The recent insider buying could be interpreted as aligning with some of the positive aspects highlighted by these metrics and tips, suggesting a potential for growth that the CFO might be seeing in the company’s future.

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