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Top Buys by Top Brass: Chief Executive Officer Stice's $302.4K Bet on ACMP

By Energy Stock Channel Staff, Friday, December 28, 10:03 AM ET
Play Video: One Reason For Insiders to Buy


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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 $302.4K by J. Michael Stice, Chief Executive Officer at Access Midstream Partners LP (NYSE:ACMP).

Stice bets big on ACMP:

Purchased Insider Title Shares Price/Share Value
12/24/2012 J. Michael Stice Chief Executive Officer 9,000 $33.60 $302,400.00

Stice's average cost works out to $33.60/share. In trading on Friday, bargain hunters could buy shares of Access Midstream Partners LP (NYSE:ACMP) and achieve a cost basis lower than Stice, with shares changing hands as low as $32.54 per share. Shares of Access Midstream Partners LP were changing hands at $32.48 at last check, trading up about 0.1% on Friday. The chart below shows the one year performance of ACMP shares, versus its 200 day moving average:

Access Midstream Partners LP Chart

Looking at the chart above, ACMP's low point in its 52 week range is $22.50 per share, with $37.57 as the 52 week high point that compares with a last trade of $32.48.

The current annualized dividend paid by Access Midstream Partners LP is $1.74/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/05/2012. Below is a long-term dividend history chart for ACMP, which can be of good help in judging whether the most recent dividend with approx. 5.3% annualized yield is likely to continue.

ACMP makes up 2.95% of the MLP ETF (AMEX:MLPA)


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .


This Article's Word Cloud:   ACMP   Access   Below   Chief   Definition   Dividends   Executive   Friday   Importance   Insider   Michael   Midstream   NYSE   Officer   Partners   Price   Shares   Stice   annualized   average   buys   changing   chart   company   cost   dividend   escape   fillColor   gridColor   hands   insider   last   make   maybe   most   paid   period   point   recent   share   shares   stock   take   that   their   they   trading   week   which   with

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