On September 6, 2024, Anuj Dhanda, a director at PENN Entertainment Inc (PENN, Financial), purchased 15,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 31,523 shares of PENN Entertainment Inc.
PENN Entertainment Inc operates as an owner and manager of gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. The company's portfolio includes several properties across various states in the United States.
The transaction occurred with shares priced at $18.4, valuing the purchase at $276,000. This acquisition has increased the insider's stake significantly, reflecting a strong commitment to the company's future.
Over the past year, Anuj Dhanda has been actively increasing his holdings in the company, with a total of 15,000 shares purchased and no shares sold.
The insider transaction history for PENN Entertainment Inc shows a trend with 6 insider buys and 2 insider sells over the past year. This activity can be visualized in the following insider trend image:
Currently, PENN Entertainment Inc has a market cap of approximately $2.71 billion. The stock's valuation metrics include a price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, which are calculated based on historical trading multiples and an adjustment factor from GuruFocus.
The GF Value of PENN Entertainment Inc is estimated at $34.78, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.53. This valuation indicates that the stock might be a possible value trap, and potential investors should think twice. The GF Value is visualized in the following image:
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices, considering the insider's increasing stake in the company.
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.
