Insiders Seeing Green With TEP At New 52-Week High

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In trading on Tuesday, shares of Tallgrass Energy Partners, LP (Symbol: TEP) touched a new 52-week high of $34.20/share. That's a 66.59% rise, or $13.67 per share from the 52-week low of $20.53 set back on 06/25/2013. That means at today's intraday high, any investor who purchased TEP 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, TEP has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
03/05/2014 David G. Dehaemers Jr. President and CEO 540 $31.19 $16,842.60
03/06/2014 David G. Dehaemers Jr. President and CEO 1,999 $31.54 $63,048.46
03/13/2014 Gary J. Brauchle See Remarks 735 $31.90 $23,446.50
03/13/2014 David G. Dehaemers Jr. President and CEO 1,069 $31.92 $34,122.48
03/13/2014 Roy Nolan Cook Director 5,000 $31.94 $159,700.00

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

Tallgrass Energy Partners, LP Moving Averages Chart

In afternoon trading on Tuesday, TEP shares are changing hands at $34.27/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: TEP

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