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Ames National About To Put More Money In Your Pocket (ATLO)
Monday, October 26, 10:35 AM ET, by Market News Video Staff

On 10/28/15, Ames National Corp. (ATLO) will trade ex-dividend, for its quarterly dividend of $0.20, ...

Relative Strength Alert For Ames National
Tuesday, January 12, 4:06 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Reminder - Ames National (ATLO) Goes Ex-Dividend Soon
Monday, January 25, 11:02 AM ET, by Market News Video Staff

On 1/27/16, Ames National Corp. (ATLO) will trade ex-dividend, for its quarterly dividend of $0.20, ...

Reminder - Ames National (ATLO) Goes Ex-Dividend Soon
Monday, April 25, 10:12 AM ET, by Market News Video Staff

On 4/27/16, Ames National Corp. (ATLO) will trade ex-dividend, for its quarterly dividend of $0.21, ...

Reminder - Ames National (ATLO) Goes Ex-Dividend Soon
Tuesday, July 26, 9:58 AM ET, by Market News Video Staff

On 7/28/16, Ames National Corp. (ATLO) will trade ex-dividend, for its quarterly dividend of $0.21, ...

  More articles:  1 2 3 next »

Insiders Now Seeing Red With ATLO At New 52-Week Low

By Market News Video Staff, Friday, August 18, 1:08 PM ET
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In trading on Friday, shares of Ames National Corp. (NASDAQ:ATLO) touched a new 52-week low of $26.60/share. That's a $10.85 share price drop, or -28.97% decline from the 52-week high of $37.45 set back on 01/06/2017. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ATLO that means the stock would have to gain 40.79% to get back to the 52-week high. For a move like that, Ames National Corp. would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as ATLO shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, ATLO has seen 3 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
04/27/2017 Stephen C. McGill President of subsidiary bank 100 $31.65 $3,165.00
05/26/2017 Patrick G. Hagan Director 200 $29.95 $5,990.00
08/01/2017 David W. Benson Director 200 $29.68 $5,936.00
08/02/2017 David W. Benson Director 200 $29.30 $5,860.00
08/10/2017 Patrick G. Hagan Director 200 $28.50 $5,700.00

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where ATLO has traded over the past year, with the 50-day and 200-day moving averages included.

Ames National Corp. Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for ATLO shares, which are presently showing a last trade of $26.90/share, slightly above the new 52-week low.


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