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SPH

Snatch This Bargain Energy Stock 14.4% Yielder Even Cheaper Than Director Chanin Did

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 December 11, Suburban Propane Partners L.P.'s Director, Matthew J. Chanin, invested $50,740.00 into 2,000 shares of SPH, for a cost per share of $25.37. 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 Suburban Propane Partners L.P. (Symbol: SPH) and achieve a cost basis 2.5% cheaper than Chanin, with shares changing hands as low as $24.74 per share. Suburban Propane Partners L.P. shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of SPH shares, versus its 200 day moving average:

Suburban Propane Partners L.P. Chart

Looking at the chart above, SPH's low point in its 52 week range is $24.02 per share, with $45.87 as the 52 week high point - that compares with a last trade of $24.73. By comparison, below is a table showing the prices at which SPH insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/11/2015 Matthew J. Chanin Director 2,000 $25.37 $50,740.00

The current annualized dividend paid by Suburban Propane Partners L.P. is $3.55/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/30/2015. Below is a long-term dividend history chart for SPH, which can be of good help in judging whether the most recent dividend with approx. 14.4% annualized yield is likely to continue.

SPH+Dividend+History+Chart

SPH makes up 7.77% of the Junior MLP ETF (Symbol: MLPJ)

Click here to find out which 9 other energy stock 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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