Markets

Top Buys by Top Brass: CEO Cantwell's $264.2K Bet on BGS

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 $264.2K by Robert C. Cantwell, CEO at B&G Foods Inc (Symbol: BGS).

Purchased Insider Title Shares Price/Share Value
03/09/2018 Robert C. Cantwell President & CEO 10,000 $26.42 $264,201.00

Cantwell's average cost works out to $26.42/share. In trading on Monday, bargain hunters could buy shares of B&G Foods Inc (Symbol: BGS) and achieve a cost basis lower than Cantwell, with shares changing hands as low as $26.35 per share. Shares of B&G Foods Inc were changing hands at $26.45 at last check, trading up about 1.5% on Monday. The chart below shows the one year performance of BGS shares, versus its 200 day moving average:

B&G Foods Inc Chart

Looking at the chart above, BGS's low point in its 52 week range is $25.95 per share, with $43.10 as the 52 week high point - that compares with a last trade of $26.45.

The current annualized dividend paid by B&G Foods Inc is $1.86/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/28/2018. Below is a long-term dividend history chart for BGS, which can be of good help in judging whether the most recent dividend with approx. 7.2% annualized yield is likely to continue.

BGS+Dividend+History+Chart

BGS makes up 2.23% of the PowerShares S&P SmallCap High Dividend Low Volatility Portfolio ETF (Symbol: XSHD)

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

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.

In This Story

XSHD BGS

Other Topics

Options

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More