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Top Buys by Top Brass: CEO Dehaemers Jr.'s $3.2M Bet on TEP

Highs and Lows Stock Data

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 $3.2M invested across 10 purchases by David G. Dehaemers Jr., CEO at Tallgrass Energy Partners, LP (Symbol: TEP).

Purchased Insider Title Shares Price/Share Value
12/01/2014 David G. Dehaemers Jr. President and CEO 10,807 $39.62 $428,173.34
12/08/2014 David G. Dehaemers Jr. President and CEO 5,825 $38.71 $225,485.75
12/09/2014 David G. Dehaemers Jr. President and CEO 5,000 $37.76 $188,800.00
12/10/2014 David G. Dehaemers Jr. President and CEO 9,500 $37.64 $357,580.00
12/12/2014 David G. Dehaemers Jr. President and CEO 80 $37.31 $2,984.80
12/15/2014 David G. Dehaemers Jr. President and CEO 10,000 $37.39 $373,900.00
03/10/2015 David G. Dehaemers Jr. President and CEO 8,100 $47.70 $386,370.00
03/11/2015 David G. Dehaemers Jr. President and CEO 17,500 $46.97 $821,975.00
03/12/2015 David G. Dehaemers Jr. President and CEO 3,000 $46.61 $139,830.00
03/16/2015 David G. Dehaemers Jr. President and CEO 5,152 $46.40 $239,052.80

Dehaemers Jr.'s average cost works out to $42.21/share. Shares of Tallgrass Energy Partners, LP were changing hands at $49.11 at last check, trading up about 0.1% on Friday. The chart below shows the one year performance of TEP shares, versus its 200 day moving average:

Tallgrass Energy Partners, LP Chart

Looking at the chart above, TEP's low point in its 52 week range is $33.49 per share, with $53.70 as the 52 week high point - that compares with a last trade of $49.11.

TEP makes up 5.09% of the Junior MLP ETF (Symbol: MLPJ)

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.

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