A Director at Retail Opportunity Investments is Exercising Options

Today it was reported that a Director at Retail Opportunity Investments (ROICResearch Report), Richard Baker, exercised options to buy 50,000 ROIC shares at $10.25 a share, for a total transaction value of $512.5K. The options were close to expired and Richard Baker retained stocks.

Following this transaction Richard Baker’s holding in the company was increased by 18.31% to a total of $5.95 million. In addition to Richard Baker, one other ROIC executive reported Buy trades in the last month.

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Currently, Retail Opportunity Investments has an average volume of 913.57K. ROIC’s market cap is $2.11B and the company has a P/E ratio of 47.11. The company has a one-year high of $18.65 and a one-year low of $15.44.

The insider sentiment on Retail Opportunity Investments has been positive according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties.