On July 11, 2024, Jodi Bond, Director at Sunrise Realty Trust Inc (SUNS, Financial), purchased 16,050 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 20,467 shares of Sunrise Realty Trust Inc.
Sunrise Realty Trust Inc operates in the real estate sector, focusing primarily on residential and commercial properties. The insider's recent purchase aligns with a broader trend observed over the past year, where there have been four insider buys and zero insider sells.
Shares of Sunrise Realty Trust Inc were priced at $11.78 on the day of the transaction. The company's market cap stands at $94.862 million. The price-earnings ratio of the stock is 40.44, significantly above both the industry median of 17.02 and the historical median for the company.
This insider buying activity may be of interest to investors, particularly in light of the company's valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow. For more detailed analysis, investors might consider looking at the GF Value to assess whether the stock is currently undervalued or overvalued.
The insider's commitment to increasing their stake in the company could be seen as a positive signal about the future prospects of Sunrise Realty Trust Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
