On August 16, 2024, David Weinstein, Director at NewLake Capital Partners Inc (NLCP), completed a sale of 8,650 shares of the company’s stock. The transaction was reported through an SEC filing on the same day. Following this transaction, the insider now owns 69,849 shares of NewLake Capital Partners Inc.

NewLake Capital Partners Inc. is engaged in the acquisition, ownership and management of specialized industrial and retail properties leased to state-licensed operators in the cannabis industry.

Over the past year, David Weinstein has sold a total of 71,465 shares and has not purchased any of the company’s own shares. This recent sale is part of a broader trend seen at the company. Over the past year, there have been an equal number of insider purchases and sales, totaling 6 each.

NewLake Capital Partners Inc.’s share price was $20.43 on the day of the sale. The company has a market capitalization of approximately $403.035 million. The stock’s price-to-earnings ratio is 15.47, which is below the industry median of 16.65 and the company’s historical median.

The stock is considered fairly valued at a price-to-GF-Value ratio of 0.99, based on a GF Value of $20.72. The GF Value is calculated by taking into account historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and future business development estimates from Morningstar analysts.

This insider sale may be of interest to investors who track insider behavior as an indicator of the company’s future performance and stock valuation. The consistent insider activity, coupled with the company’s valuation metrics, provides a comprehensive view for stakeholders considering investment decisions for NewLake Capital Partners Inc.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.