10 Updates

Top Buys by Directors: Dunn Jr.'s $205.7K Bet on SPH

Mar 5 2014, 1:26pm 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...

Filed under: news

 
 
 

20 weeks ago

Top Buys by Directors: Dunn Jr.'s $205.7K Bet on SPH

Mar 5 2014, 1:26pm 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 $205.7K by Michael J. Dunn Jr., CEO at Suburban Propane Partners L.P. (NYSE: SPH ).

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

Dunn Jr. bets big on SPH:

Purchased Insider Title Shares Price/Share Value
03/05/2014 Michael J. Dunn Jr. President and CEO 5,000 $41.13 $205,650.00

Dunn Jr.’s average cost works out to $41.13/share. In trading on Wednesday, bargain hunters could buy shares of Suburban Propane Partners L.P. (NYSE: SPH ) and achieve a cost basis lower than Dunn Jr., with shares changing hands as low as $40.90 per share. Shares of Suburban Propane Partners L.P. were changing hands at $42.04 at last check, trading up about 1.2% on Wednesday. The chart below shows the one year performance of SPH shares, versus its 200 day moving average:

Looking at the chart above, SPH’s low point in its 52 week range is $40.90 per share, with $50.25 as the 52 week high point — that compares with a last trade of $42.04.

The current annualized dividend paid by Suburban Propane Partners L.P. is $3.50/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/31/2014. Below is a long-term dividend history chart for SPH, which can be of good help in judging whether the most recent dividend with approx. 8.4% annualized yield is likely to continue.

According to the ETF Finder at ETFChannel.com, SPH makes up 2.01% of the MLP ETF (AMEX: MLPA ) which is trading up by about 0.1% on the day Wednesday.


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

/>/>
 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was told ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Collingwood Magpies Training Session
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Hus ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the sou ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in compens ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk S ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

6 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan B ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kin ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

47 killed in Taiwan as plane makes botched landing (Roundup)
Taipei, July 23 (IANS) Forty-seven people on board a Taiwanese TransAsia Airways plane were killed in a failed emergency landing in the island county of Penghu Wednesday, Taiwan's transportation authority has confirmed.
 
 
47 killed in Taiwan plane's botched landing
Taipei, July 23 (IANS) Forty-seven people on board a Taiwanese TransAsia Airways plane were killed in a failed emergency landing in the island county of Penghu Wednesday, Taiwan's transportation authority has confirmed.
 
 
51 killed in Taiwan plane emergency landing
Beijing, July 23 (IANS) At least 51 people were killed and seven others injured when a passenger plane with Taiwan's TransAsia Airways made an emergency landing on the outlying island county of Penghu Wednesday, media reported.
 
 
High salt ups heart disease risk in diabetics
Tokyo, July 23 (IANS) People with Type-2 diabetes have more to add to their list of dietary restrictions as researchers have found that a high salt diet may double their risk of developing cardiovascular disease.
 
 
 

Latest from the Network

UN to probe human rights violations by Israel
Geneva, July 24 (IANS) A special session of the United Nations Human Rights Council (HRC) adopted a resolution Wednesday to launch an inquiry into human rights violations from Israel's latest military offensive in the...
Read more on Politics Balla
 
Toll in Gaza mounts to 701
Gaza, July 24 (IANS) The Palestinian health ministry said early Thursday that six Palestinians have been killed by Israeli airstrikes in the southern Gaza Strip town of Khan Younis. The death toll of the Israeli...
Read more on Politics Balla
 
Late Amy Winehouse still speaks to her dad
London, July 24 (IANS) It may sound bizarre but singer Amy Winehouse's father, Mitch, claims that he still talks to his daughter, who died from accidental alcohol poisoning in July 2011. Mitch has admitted he can...
Read more on Celebrity Balla
 
39 killed in Nigeria bomb blasts
Abuja, July 24 (IANS) At least 39 people were killed in twin bomb blasts in Nigeria's northern city of Kaduna Wednesday, security sources and eyewitness said. In the first blast, 25 people were killed while the second...
Read more on Politics Balla
 
Alyssa Milano knew she was expecting a baby girl
Alyssa Milano knew she was expecting a girl. The former 'Charmed' star had a feeling she was carrying a baby daughter, even before it had been confirmed by a doctor, because she suffered with morning sickness, which she...
Read more on Celebrity Balla
 
Nicola Roberts splits from boyfriend
Nicola Roberts has split from her boyfriend. The former Girls Aloud singer reportedly called time on her six-year relationship with businessman Charlie Fennell late last year after their romance fizzled out. A source...
Read more on Celebrity Balla
 
Eva Mendes' pregnancy was 'unplanned'
Eva Mendes' pregnancy was reportedly ''unplanned''. The 40-year-old actress is expecting her first child with boyfriend Ryan Gosling, 33, but the baby news allegedly came as a complete shock to the couple. A source...
Read more on Celebrity Balla
 
Naya Rivera adopts husband's surname on Twitter
Naya Rivera has adopted her husband's surname on her social media accounts. The 'Glee' star only tied the knot with Ryan Dorsey last weekend, but she couldn't wait to flaunt her new marriage as she has already changed...
Read more on Celebrity Balla
 
Zoe Saldana pregnant?
Los Angeles, July 24 (IANS) "Avatar" fame actress Zoe Saldana is reportedly expecting her first child. The 36-year-old is set to become a mother for the first time with her Italian artist husband Marco Perego, reports...
Read more on Celebrity Balla
 
Apple’s iBeacons are paying off for advertisers in a huge way
There was a great deal of interest surrounding Apple’s iBeacons when they launched alongside iOS 7 late last year, but as they are still in the initial stages of deployment, we haven’t seen much data regarding their...
Read more on Apple Balla