Insider Bets Paying Off At CLDT As New 52-Week High Reached

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In trading on Friday, shares of Chatham Lodging Trust (Symbol: CLDT) touched a new 52-week high of $23.31/share. That's a 32.90% rise, or $5.77 per share from the 52-week low of $17.54 set back on 08/19/2013. That means at today's intraday high, any investor who purchased CLDT stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CLDT has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
03/24/2014 Dennis M. Craven EVP & Chief Financial Officer 1,500 $20.06 $30,090.00
03/26/2014 Jeffrey H. Fisher Chairman, President and CEO 5,000 $20.52 $102,600.00
08/08/2014 Dennis M. Craven EVP & Chief Financial Officer 2,000 $21.93 $43,860.00
08/12/2014 Jeffrey H. Fisher Chairman, President and CEO 10,000 $22.45 $224,500.00
08/11/2014 Jeffrey H. Fisher Chairman, President and CEO 360 $22.40 $8,064.00

The chart below shows where CLDT has traded over the past year, with the 50-day and 200-day moving averages included.

Chatham Lodging Trust Moving Averages Chart

In afternoon trading on Friday, CLDT shares are changing hands at $23.05/share, slightly below the new 52-week high.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: CLDT

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