Broad Street Realty director buys $11,100 in company stock By Investing.com

Broad Street Realty, Inc. (NASDAQ:BRST) director Samuel M. Spiritos has recently increased his stake in the company, purchasing 30,000 shares of common stock at an average price of $0.37 per share, for a total transaction value of $11,100. The transaction took place on May 17, 2024, as reported in the latest SEC filings.

The shares were bought in multiple transactions with prices ranging from $0.36 to $0.40. This purchase has raised Spiritos’ direct holdings to 324,560 shares in the real estate company. Additionally, Spiritos is associated with indirect ownership of 13,827 shares through his managerial role in SR BSV Spotswood LLC, although he disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest.

The acquisition of shares by a company insider like Spiritos is often viewed by investors as a sign of confidence in the company’s future prospects. Broad Street Realty, which operates within the real estate sector, has its business address in Reston, Virginia, and is incorporated in Delaware.

Investors and shareholders of Broad Street Realty, Inc. can request detailed information about the purchase transactions from Spiritos, as indicated in the footnotes of the SEC filing.

InvestingPro Insights

Broad Street Realty, Inc. (NASDAQ:BRST) has seen a notable shift in its financial metrics and stock performance, as highlighted by recent data from InvestingPro. Despite a challenging market, Director Samuel M. Spiritos’ recent acquisition of 30,000 shares suggests a positive outlook on the company’s trajectory. Spiritos’ increased stake coincides with a period of profitability for Broad Street Realty, as the company has been profitable over the last twelve months.

An InvestingPro Tip indicates that Broad Street Realty has experienced a high return over the last year. This aligns with the company’s reported gross profit margin of 67.42% for the last twelve months as of Q1 2024, showcasing its ability to maintain profitability in its operations. Additionally, the company’s EBITDA growth of 21.44% during the same period reflects a strong operational performance.

However, the company’s stock has been trading at a high Price / Book multiple of 0.91, which is another InvestingPro Tip that could suggest the stock is valued richly relative to its book value. This could be a focal point for investors considering the company’s current share price in relation to its underlying assets.

For investors seeking a deeper dive into Broad Street Realty’s financial health and stock performance, there are additional InvestingPro Tips available. These tips provide a comprehensive analysis of the company’s long-term trends and investment potential. To access these insights, visit https://www.investing.com/pro/BRST and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

InvestingPro Data also reveals that while the company’s revenue has grown by 11.76% over the last twelve months as of Q1 2024, it has seen a quarterly revenue decline of 9.53% in Q1 2024. This juxtaposition of long-term revenue growth against a recent dip may be of interest to investors considering the company’s future revenue trajectory.

With these insights, investors can better gauge the investment landscape of Broad Street Realty, Inc., taking into account both the insider confidence signaled by Spiritos’ share purchase and the detailed financial data provided by InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.