Top Buys by Top Brass: Chief Executive Officer Nordhagen's $526K Bet on NSA

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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company 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 the ''top brass'' over the trailing six month period, one of which was a total of $526K by Arlen Dale Nordhagen, Chief Executive Officer at National Storage Affiliates Trust (Symbol: NSA).

Purchased Insider Title Shares Price/Share Value
11/05/2018 Arlen Dale Nordhagen Chief Executive Officer 20,000 $26.30 $526,000.00

Nordhagen's average cost works out to $26.30/share. Shares of National Storage Affiliates Trust were changing hands at $26.50 at last check, trading off about 0.8% on Wednesday. The chart below shows the one year performance of NSA shares, versus its 200 day moving average:

National Storage Affiliates Trust Chart

Looking at the chart above, NSA's low point in its 52 week range is $23.10 per share, with $32.28 as the 52 week high point - that compares with a last trade of $26.50.

The current annualized dividend paid by National Storage Affiliates Trust is $1.16/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/13/2018. Below is a long-term dividend history chart for NSA, which can be of good help in judging whether the most recent dividend with approx. 4.3% annualized yield is likely to continue.


Click here to find out which other top insider buys by the ''top brass'' you need to know about ยป

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 , Options
Referenced Symbols: NSA

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