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).Ramirez bets big on GLPW:
|05/06/2014||Luis Manuel Ramirez||President & CEO||10,000||$17.07||$170,700.00|
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.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.