Top Buys by Directors: Brooks's $104.7K Bet on JBL

Dec 23 2013, 1:41pm CST | by

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $104.7K by Martha Brooks, Director at Jabil Circuit, Inc. (NYSE: JBL).

Click here to find out which other top insider buys by company directors you need to know about »

Brooks bets big on JBL:

Purchased Insider Title Shares Price/Share Value
12/20/2013 Martha Brooks Director 6,500 $16.11 $104,682.50

Brooks’s average cost works out to $16.11/share. Shares of Jabil Circuit, Inc. were changing hands at $16.43 at last check, trading up about 2% on Monday. The chart below shows the one year performance of JBL shares, versus its 200 day moving average:

Looking at the chart above, JBL’s low point in its 52 week range is $15.30 per share, with $24.32 as the 52 week high point — that compares with a last trade of $16.43.

The current annualized dividend paid by Jabil Circuit, Inc. is $0.32/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/13/2013. Below is a long-term dividend history chart for JBL, which can be of good help in judging whether the most recent dividend with approx. 2.0% annualized yield is likely to continue.

According to the ETF Finder at ETFChannel.com, JBL makes up 1.05% of the Dynamic Technology Sector Portfolio ETF (AMEX: PTF) which is trading up by about 0.6% on the day Monday.


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial and a special 20% off coupon from Forbes.


Source: Forbes Business

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