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:
||C. David Brown II
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:
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 »