Homefed Corp. (HOFD) insider have most recently took part in a trading activity. On Mar 29, 2017 Leucadia National Corp, 10% Owner bought 14,008 shares having total worth of $602,344 at the price of $43 per share, following the transaction a total of 10,852,123 shares owned by Leucadia National Corp. Before this latest buy, Leucadia National Corp purchased HOFD at 2 other times during the past twelve months, for a total investment of $342.76M at an average of $38.48 per share.
Furthermore, over the past 12 months , the stock was traded 3 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.
HomeFed Corporation was incorporated in Delaware in 1988. The Company is currently engaged, directly and through subsidiaries, in the investment and development of residential real estate projects in the California and Virginia. The Company also investigates the acquisition of new real estate projects, both residential and commercial, within and outside the State of California. The Company’s current development projects consist of three master-planned communities located in San Diego County, California: San Elijo Hills, and a portion of the larger Otay Ranch planning area. The San Elijo Hills project, a master-planned community located in the City of San Marcos in San Diego County, California, would be a community of approximately 3,500 homes and apartments, as well as a commercial and residential towncenter. The Company is facing competitive business with numerous residential real estate developers and development projects operating in the same geographic area. The Company is subject to substantial environmental, building, construction, zoning and real estate regulations that are imposed by various federal, state and local authorities. Environmental laws might cause the Company to incur substantial compliance, mitigation and other costs, might restrict or prohibit development in certain areas and might delay completion of the Company’s development projects.
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