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EdgarHawk

Gartman Dennis H.

Director

Director
3 filings analyzed · 1 company · Latest 2024-12-13

Companies

Company Buys Sells Direction
Armada Hoffler Properties, Inc. AHRT 3 0 Net buying

Activity

December 2024
medium
Buy
4,500 shares
$48,825
Significance 5/10

Director Gartman buys 4,500 AHH shares at $10.85; third buy in 2024, +16.6% to holdings amid -8.8% 90-day decline.

Gartman, a director of Armada Hoffler Properties, purchased 4,500 shares at $10.85 on 2024-12-11, increasing his holdings by 16.6% to 31,649 shares. This is the director's third open-market purchase at AHH in 2024, following buys on 2024-10-02, 2024-07-10, and 2024-03-15. Of his two prior AHH purchases with measurable 90-day outcomes, one resulted in a 7.1% gain and the other a -1.9% loss, indicating a 50% timing success rate at this ticker. The stock has declined 8.8% over the past 90 days and is trading 16.3% below its 52-week high of $13.05, suggesting the director is accumulating during a period of recent weakness. The company reported revenue of $187.7M in the latest quarter with a net loss of $5.0M, though full-year revenue growth of 46.9% indicates underlying expansion despite recent profitability challenges.

October 2024
Buy
4,500 shares
$48,804
Significance 6/10

Director Dennis H. Gartman buys 4,500 AHH shares at $10.85; stock down 10.1% (30d), joins cluster of 7 other insider purchases.

Director Dennis H. Gartman purchased 4,500 shares at $10.85, increasing his holdings to 27,149 shares (+19.9% vs pre-transaction holdings). The purchase occurs as the stock trades at $10.84, down 10.1% over the past 30 days and 16.9% from its 52-week high of $13.05, placing the entry near recent depressed levels. This transaction is part of a broader cluster pattern, with 7 other insiders also buying within the past 14 days, suggesting coordinated reassessment at current valuations. Gartman's cross-ticker track record shows 2 prior buys with a 100% win rate at the 90-day mark (avg 90d return +7.1%), though his same-ticker history at AHH is mixed: his prior March 2024 buy yielded a 90d return of +7.1%, while his July 2024 buy remains partially unmeasured. The company posted $184.7M in latest-quarter revenue with 46.9% annual growth and a P/E of 83.38, reflecting a recovery story trading at elevated multiples despite recent weakness.

July 2024
Buy
4,500 shares
$49,926
Significance 7/10

Director Gartman buys 4,500 shares of AHH at $11.09; cluster pattern with 2 other insiders in past 14 days

Dennis H. Gartman, a director at Armada Hoffler Properties, purchased 4,500 shares at $11.09 on 2024-07-10, increasing his holdings by 26.5% to 21,486 shares. This buy occurs within a cluster pattern: 2 other insiders have also purchased shares within the past 14 days. His prior buy at AHH on 2024-03-15 demonstrated a 90-day positive return (+7.1%), and across his open-market history (1 prior buy), his 90-day win rate stands at 100.00%. The timing of this purchase—within a multi-insider buying window and following a prior successful purchase pattern at the same ticker—suggests coordinated confidence in AHH's near-term prospects. The stock currently trades 13.0% below its 52-week high ($13.05), having posted +3.9% over 30 days and +9.6% over 90 days since the transaction date.

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