Top Buys by Directors: Ramirez's $170.7K Bet on GLPW

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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 company directors over the trailing six month period, one of which was a total of $170.7K by Luis Manuel Ramirez, CEO at Global Power Equipment Group, Inc. (GLPW).

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Ramirez bets big on GLPW:
Purchased Insider Title Shares Price/Share Value
05/06/2014 Luis Manuel Ramirez President & CEO 10,000 $17.07 $170,700.00

Ramirez's average cost works out to $17.07/share. In trading on Thursday, bargain hunters could buy shares of Global Power Equipment Group, Inc. ( GLPW) and achieve a cost basis lower than Ramirez, with shares changing hands as low as $16.47 per share. Shares of Global Power Equipment Group, Inc. were changing hands at $16.50 at last check, trading up about 0.1% on Thursday. The chart below shows the one year performance of GLPW shares, versus its 200 day moving average:

Global Power Equipment Group, Inc. Chart

Looking at the chart above, GLPW's low point in its 52 week range is $14.99 per share, with $20.98 as the 52 week high point — that compares with a last trade of $16.50.

The current annualized dividend paid by Global Power Equipment Group, Inc. is $0.36/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/11/2014. Below is a long-term dividend history chart for GLPW, which can be of good help in judging whether the most recent dividend with approx. 2.2% annualized yield is likely to continue.

GLPW+Dividend+History+Chart

According to the ETF Finder at ETF Channel, GLPW makes up 1.92% of the First Trust RBA American Industrial Renaissance ETF ( AIRR) which is trading lower by about 0.4% on the day Thursday.

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