3 Stocks Insiders are Buying – 8/23

Any time insiders are willing to put their money where their mouths are, pay attention.

After all, it’s the insiders that know their company the best. And if they’re willing to put down their own money, it’s a tell that it may be time to jump in with them.

Company: Sunrise Realty Trust (SYM: SUNS)

Look at Sunrise Realty Trust (SYM: SUNS), for example.

With a yield of 6.43%, SUNS is a real estate investment trust (REIT).  And since July 12, several insiders bought quite a few shares. Executive Chairman Leonard Tannenbaum, for example, recently bought 118,163 shares for just over $1.47 million. 

The company also just declared a 42-cent quarterly dividend, which is payable on January 15 to shareholders of record as of December 31.

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Company: Sonida Senior Living (SYM: SNDA)

Sonida Senior Living (SYM: SNDA), which owns, operates and invests in senior housing communities in the U.S, just saw a 10% shareholder buy 250,000 shares for just over $6.7 million.

In its most recent earnings release, President and CEO Brandon Ribar noted:

“Continued momentum through focused execution on our operational, financial and strategic growth initiatives resulted in another quarter of exceptional performance. In the second quarter, revenue, community net operating income, resident rates and occupancy all exhibited meaningful and accelerating gains both year-over-year and quarter-over-quarter.”

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Company: Nerdy (SYM: NRDY)

Nerdy (SYM: NRDY), a leading platform for live online learning, just saw CEO Charles Cohn pick up another 2.17 million shares for just over $2.23 million.

The company’s EPS loss of eight cents beat by five cents. Meanwhile, revenue of $50.98 million, up nearly 4.4% year over year, did miss by $231,000. 

“In the second quarter, Nerdy delivered revenue of $51.0 million, in the middle of our guidance range of $50-52 million, and represented an increase of 4% year-over-year from $48.8 million during the same period in 2023,” they added.

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