Top Buys by Top Brass: Chief Investment Officer Finkelstein's $1.2M Bet on NLY

A generic image of a person touching a tablet.
Credit: Shutterstock photo

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 $1.2M by David L. Finkelstein, Chief Investment Officer at Annaly Capital Management Inc (Symbol: NLY).

Purchased Insider Title Shares Price/Share Value
09/01/2017 David L. Finkelstein Chief Investment Officer 100,000 $12.49 $1,248,650.00

Finkelstein's average cost works out to $12.49/share. In trading on Tuesday, bargain hunters could buy shares of Annaly Capital Management Inc (Symbol: NLY) and achieve a cost basis lower than Finkelstein, with shares changing hands as low as $12.46 per share. Shares of Annaly Capital Management Inc were changing hands at $12.49 at last check, trading up about 0.4% on Tuesday. The chart below shows the one year performance of NLY shares, versus its 200 day moving average:

Annaly Capital Management Inc Chart

Looking at the chart above, NLY's low point in its 52 week range is $9.83 per share, with $12.73 as the 52 week high point - that compares with a last trade of $12.49.

The current annualized dividend paid by Annaly Capital Management Inc is $1.20/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/28/2017. Below is a long-term dividend history chart for NLY, which can be of good help in judging whether the most recent dividend with approx. 9.6% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, NLY makes up 17.17% of the iShares Mortgage Real Estate Capped ETF (Symbol: REM) which is trading relatively unchanged on the day Tuesday.

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


Other Topics


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