IIn this series, we look at the most recent Dividend Channel âDividendRankâ report and then select only companies that have been the subject of insider buying in the past six months. Executives and directors of a company tend to have a unique view of the insider business, and the only reason an insider would choose to take their hard-earned money and use it to buy stocks in the market is free is that he expects to make money – maybe they find the action very undervalued, or maybe they see exciting progress within the company , or maybe both. So when stocks come up that see insiders buying and are also top ranked, investors are advised to take note. One of these companies is Artisan Partners Asset Management Inc (ticker: APAM), which was purchased by Director Tench Coxe.
On December 14, Coxe invested $ 9,985,272.00 in 220,000 shares of APAM, at a cost per share of $ 45.39. In Tuesday’s trading, bargain hunters could buy shares of Artisan Partners Asset Management Inc (ticker: APAM) and achieve a base cost 1.3% cheaper than Coxe, with shares changing hands as well. low as $ 44.81 per share. Shares of Artisan Partners Asset Management Inc are currently trading at + 1.75% on this day. The chart below shows the one-year performance of the APAM stock, relative to its 200-day moving average:
Looking at the chart above, APAM’s low point in its 52 week range is $ 43.06 per share, with $ 57.65 as a 52 week high, compared with a last trade of 45. , $ 34. For comparison, here’s a table showing the prices at which insider buys were recorded in the past six months:
|Bought||Initiated||Title||Actions||Price / share||Value|
|12/14/2021||Tench Coxe||Director||220,000||$ 45.39||$ 9,985,272.00|
The DividendRank report noted that among the hedging universe, APAM stocks displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong history of Artisan Partners Asset Management Inc’s quarterly dividends, and long-term favorable multi-year growth rates in key fundamental data points.
The report states: âDividend investors who approach investing from a value perspective are generally more interested in finding the strongest, most profitable companies, which are also trading at an attractive valuation. This is what we seek to find by using our exclusive DividendRank formula, which ranks the hedging universe according to our various profitability and valuation criteria, to generate a list of the most “interesting” stocks, intended for investors. as a source of ideas that deserves further research. ”
The annualized dividend paid by Artisan Partners Asset Management Inc is $ 4.28 / share, currently paid in quarterly installments, and its most recent ex-dividend date was 11/15/2021. Below is a chart of APAM’s long-term dividend history, which the report highlighted as being of key importance. Indeed, studying a company’s past dividend history can be of great help in judging whether the most recent dividend is likely to continue.
The best dividend-ranking stocks with insider buys â
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.