Top Buys by Top Brass: CFO Robert's $162.4K Bet on VNR

Mar 27 2014, 9:47am CDT | by

A company’s own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company 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 the ”top brass” over the trailing six month period, one of which was a total of $162.4K by Richard A. Robert, CFO at Vanguard Natural Resource LLC (NASD: VNR).

Click here to find out which other top insider buys by the ”top brass” you need to know about »

Robert bets big on VNR:

Purchased Insider Title Shares Price/Share Value
03/25/2014 Richard A. Robert Executive VP and CFO 5,746 $28.27 $162,439.42

Robert’s average cost works out to $28.27/share. Shares of Vanguard Natural Resource LLC were changing hands at $29.96 at last check, trading up about 0.5% on Thursday. The chart below shows the one year performance of VNR shares, versus its 200 day moving average:

Looking at the chart above, VNR’s low point in its 52 week range is $24.23 per share, with $31.50 as the 52 week high point — that compares with a last trade of $29.96.

The current annualized dividend paid by Vanguard Natural Resource LLC is $2.52/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 03/28/2014. Below is a long-term dividend history chart for VNR, which can be of good help in judging whether the most recent dividend with approx. 8.5% annualized yield is likely to continue.

VNR makes up 9.24% of the Junior MLP ETF (AMEX: MLPJ)

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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