Markets

CNSL Trading Below Director's Recent Buy Price

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 September 9, Consolidated Communications Holdings Inc's Director, Dale E. Parker, invested $24,000.00 into 1,000 shares of CNSL, for a cost per share of $24.00. 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 Consolidated Communications Holdings Inc (Symbol: CNSL) and achieve a cost basis 1.5% cheaper than Parker, with shares changing hands as low as $23.63 per share. Consolidated Communications Holdings Inc shares are currently trading trading flat on the day. The chart below shows the one year performance of CNSL shares, versus its 200 day moving average:

Consolidated Communications Holdings Inc Chart

Looking at the chart above, CNSL's low point in its 52 week range is $17.76 per share, with $28.78 as the 52 week high point - that compares with a last trade of $23.58. By comparison, below is a table showing the prices at which CNSL insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/09/2016 Dale E. Parker Director 1,000 $24.00 $24,000.00

The current annualized dividend paid by Consolidated Communications Holdings Inc is $1.54952/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 10/12/2016. Below is a long-term dividend history chart for CNSL, which can be of good help in judging whether the most recent dividend with approx. 6.5% annualized yield is likely to continue.

CNSL+Dividend+History+Chart

CNSL makes up 3.72% of the ProShares Ultra Telecommunications ETF (Symbol: LTL)

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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