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.