Bargain Bin Stocks: TEN Now 27.6% Cheaper Than Director Freyman's Buy

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 9, Tenneco Inc's Director, Thomas C. Freyman, invested $222,450.00 into 5,000 shares of TEN, for a cost per share of $44.49. Bargain hunters tend to pay particular attention to insider buys like this one, because 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. In trading on Wednesday, bargain hunters could buy shares of Tenneco Inc (Symbol: TEN) and achieve a cost basis 27.6% cheaper than Freyman, with shares changing hands as low as $32.19 per share. It should be noted that Freyman has collected $0.25/share in dividends since the time of their purchase, so they are currently down 27.1% on their purchase from a total return basis. Tenneco Inc shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of TEN shares, versus its 200 day moving average:

Tenneco Inc Chart

Looking at the chart above, TEN's low point in its 52 week range is $32.19 per share, with $65.59 as the 52 week high point - that compares with a last trade of $33.27. By comparison, below is a table showing the prices at which TEN insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/09/2018 Thomas C. Freyman Director 5,000 $44.49 $222,450.00

The current annualized dividend paid by Tenneco Inc is $1/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 12/03/2018. Below is a long-term dividend history chart for TEN, which can be of good help in judging whether the most recent dividend with approx. 3.0% annualized yield is likely to continue.


Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

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

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

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