Monday, June 21, 2021

The GEO Group, Inc. (GEO)
CEO Zoley Buys Shares

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

CEO Zoley Adds to His Already Large Holdings. On June 15th, GEO CEO George Zoley reported the open market purchase of 166,644 GEO shares at an average cost of $6.75 per share for a total investment of $1.12 million. Following the transactions, Mr. Zoley directly owned 3 million GEO common shares, held an additional 518,752 shares through restricted stock, and indirectly owned 104,850 shares held in trust. We view the recent purchases as confirmation of Mr. Zoley’s belief that GEO shares remain undervalued at the current share price.


Meme Stock Creating Volatility.  Given its large short position, some 52% of the float as of May 28th, GEO shares have attracted the interest of the Reddit crowd. This has resulted in large price swings, with the shares briefly touching $11 on 6/9 after closing at $6.11 on 6/8 before retreating back to $6.62 on 6/15. We continue to expect more-than-normal volatility until the Reddit crowd moves onto …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.