Wednesday’s Insider Report: CEO is buying this stock yielding 7% that’s up 13% in 2024

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Wednesday’s Insider Report: CEO is buying this stock yielding 7% that’s up 13% in 2024
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Companies that have experienced recent insider trading activity in the public market

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons or perhaps shares may be sold to address tax implications when options and rights are exercised.

Listed below is a security that has had recent buying activity in the public market reported by the CEO.On July 5, president and chief executive officer Grant Fagerheim bought 10,000 shares at a price per share of $10.19, increasing the holdings in this specific account to 2,979,574 shares. The cost of this purchase exceeded $101,000.

The company pays its shareholders a monthly dividend of 6.08 cents per share, equating to a current annualized dividend yield of over 7 per cent.According to data from Refinitiv Eikon, the stock has 12 buy recommendations and two neutral recommendations by analysts. The average target price is $13.71, suggesting there is potentially 37 per cent upside over the next year.The following three stocks have had recent selling activity in the public market reported by insiders.

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