Company directors possess a distinct vantage point on the inner workings of a business. When directors engage in significant purchases, astute investors sit up and take notice. One would assume that directors only part with their hard-earned money to acquire stock in the open market when they anticipate profits – perhaps because they perceive the stock as heavily undervalued, detect promising advancements within the company, or spot both. In this feature, we delve into the most substantial insider buys made by company directors over the past six months, one such example being a hefty sum of $370K invested by Wallace R. Weitz, a Director at Cable One Inc (Symbol: CABO).
| Date of Purchase | Insider | Position | Number of Shares | Price per Share | Total Value |
|---|---|---|---|---|---|
| 05/21/2024 | Wallace R. Weitz | Director | 1,000 | $369.98 | $369,980.00 |
Weitz’s average acquisition cost stands at $369.98 per share. When trading on Thursday, investors seeking a bargain could secure shares of Cable One Inc (Symbol: CABO) at a lower price point than Weitz, as shares were transacted as low as $344.87 each. The stock was priced at $345.27 at the most recent check, experiencing a 1.8% dip on Thursday. The graphic below illustrates the performance of CABO shares over the past year in comparison to its 200-day moving average:
From the graphic above, it is evident that CABO’s 52-week low sits at $344.345 per share, while the high for the same period marks $749, with the most recent trade at $345.27.
The current annualized dividend distributed by Cable One Inc amounts to $11.8 per share, paid out in quarterly disbursements. The forthcoming ex-dividend date for the latest dividend falls on 05/28/2024. The long-term dividend history chart for CABO displayed below can aid in assessing the potential continuity of the most recent dividend, offering an approximate 3.4% annualized yield:
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