Paul Elenio, Chief Financial Officer at Arbor Realty Trust (NYSE:ABR), reported a large insider buy on November 20, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Elenio purchased 7,500 shares of Arbor Realty Trust. The total transaction amounted to $92,775.
Arbor Realty Trust shares are trading down 0.48% at $12.34 at the time of this writing on Tuesday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make an ...