Top Buys by Directors: Brown II's $226K Bet on RYN


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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 $226K by C. David Brown II, Director at Rayonier Inc. (Symbol: RYN).

Purchased Insider Title Shares Price/Share Value
02/19/2014 C. David Brown II Director 5,000 $45.20 $226,000.00

Brown II's average cost works out to $45.20/share. In trading on Thursday, bargain hunters could buy shares of Rayonier Inc. (Symbol: RYN) and achieve a cost basis lower than Brown II, with shares changing hands as low as $45.04 per share. Shares of Rayonier Inc. were changing hands at $45.79 at last check, trading up about 1.9% on Thursday. The chart below shows the one year performance of RYN shares, versus its 200 day moving average:

Rayonier Inc. Chart

Looking at the chart above, RYN's low point in its 52 week range is $39.49 per share, with $60.62 as the 52 week high point - that compares with a last trade of $45.79.

The current annualized dividend paid by Rayonier Inc. is $1.96/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/13/2013. Below is a long-term dividend history chart for RYN, which can be of good help in judging whether the most recent dividend with approx. 4.4% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, RYN makes up 6.02% of the iShares Global Timber & Forestry ETF (Symbol: WOOD) which is trading lower by about 0.2% on the day Thursday.

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

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

This article appears in: Investing Investing Ideas
Referenced Stocks: RYN , WOOD

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