In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ladder Capital Corp (NYSE:LADR) reported that Towerbrook Investors, Ltd. has picked up 5,352,322 of common stock as of 2017-06-16.
The acquisition brings the aggregate amount owned by Towerbrook Investors, Ltd. to a total of 5,352,322 representing a 4.8% stake in the company.
For those not familiar with the company, Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment consists of all of its activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Corporate/other segment includes the Company’s investments in joint ventures, other asset management activities and operating expenses. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.
A glance at Ladder Capital Corp (NYSE:LADR)’s key stats reveals a current market capitalization of $1.55 Billion based on $79.56M Million shares outstanding and a price at last close of $14.08 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-11, Alexander picked up 9,600 at a purchase price of $15.66. This brings their total holding to 57,223 as of the date of the filing.
On the sell side, the most recent transaction saw Towerbrook unload 417,985 shares at a sale price of $14.05. This brings their total holding to 3,887,602.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Ladder Capital Corp (NYSE:LADR) as things move forward to see if its progress aligns with these transactions.
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