Insiders Were Right: FGP Makes New 52-Week High

In trading on Friday, shares of Ferrellgas Partners, L.P. (FGP) touched a new 52-week high of $25.75/share. That's a 28.81% rise, or $5.76 per share from the 52-week low of $19.99 set back on 05/08/2013. That means at today's intraday high, any investor who purchased FGP stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, FGP has seen 4 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
12/10/2013 Stephen L. Wambold CEO and President 2,200 $22.88 $50,336.00
12/10/2013 Boyd H. McGathey EVP & COO 1,000 $23.19 $23,190.00
12/12/2013 Stephen L. Wambold CEO and President 1,000 $22.99 $22,990.00
02/20/2014 James R. Vanwinkle EVP and CFO; Treasurer 10,000 $11.63 $116,300.00
02/20/2014 Tod D. Brown EVP Ferrellgas,Pres. BlueRhino 9,000 $11.63 $104,670.00
02/20/2014 Stephen L. Wambold CEO and President 15,000 $11.63 $174,450.00
03/21/2014 Stephen L. Wambold CEO and President 1,000 $21.89 $21,890.00
03/25/2014 Stephen L. Wambold CEO and President 1,000 $22.59 $22,591.60
03/28/2014 Stephen L. Wambold CEO and President 2,210 $22.60 $49,954.60

The chart below shows where FGP has traded over the past year, with the 50-day and 200-day moving averages included.

Ferrellgas Partners, L.P. Moving Averages Chart

In afternoon trading on Friday, FGP shares are changing hands at $25.78/share, slightly below the new 52-week high.

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