Company directors possess a unique vantage point on the inner workings of a business. When these insiders place significant bets, it behooves investors to sit up and take notice. It is safe to assume that a director invests their hard-earned money in company stocks with the expectation of making a profit. Such actions may signal a belief in undervaluation, exciting developments within the company, or perhaps both. Let’s delve into one of the largest insider buys in the past six months: a hefty $370K purchase by the Director of Cable One Inc (Symbol: CABO), Wallace R. Weitz.
| Date | Insider | Title | Shares | Price/Share | 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. In Thursday’s trading, savvy investors could snag Cable One Inc (Symbol: CABO) shares at a lower price point than Weitz, with trades happening as low as $344.87 per share. At the last check, Cable One Inc shares were priced at $345.27, marking a 1.8% decline for the day. The graphical representation below illustrates the one-year performance of CABO shares versus its 200-day moving average:
Examining the chart, we observe that CABO’s 52-week trading range spans from a low of $344.345 per share to a high of $749, with the recent trade clocking in at $345.27.
The current annualized dividend yield offered by Cable One Inc amounts to $11.8 per share, distributed quarterly, with the upcoming ex-dividend date slated for 05/28/2024. Delve into the long-term dividend history chart for CABO below to evaluate the potential continuity of the latest dividend, offering an approximate 3.4% annual yield.
Opportunities may abound in the dividend sphere, but it’s essential to “dividend and conquer” with caution, understanding the historical performance and potential risks involved in the market. Stay wise, stay informed!
