NHI Trading Below Director's Recent Buy Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 24, National Health Investors, Inc.'s Director, James R. Jobe, invested $63,470.00 into 1,000 shares of NHI, for a cost per share of $63.47. Bargain hunters tend to pay particular attention to insider buys like this one, because 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.

START SLIDESHOW:
Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

In trading on Monday, bargain hunters could buy shares of National Health Investors, Inc. ( NHI) and achieve a cost basis 2.6% cheaper than Jobe, with shares changing hands as low as $61.84 per share. It should be noted that Jobe has collected $0.77/share in dividends since the time of their purchase, so they are currently down 1.4% on their purchase from a total return basis. National Health Investors, Inc. shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of NHI shares, versus its 200 day moving average:

National Health Investors, Inc. Chart

Looking at the chart above, NHI's low point in its 52 week range is $53.01 per share, with $65.94 as the 52 week high point — that compares with a last trade of $62.26. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
02/28/2014 Robert A. McCabe Jr. Director 190 $61.72 $11,726.51
05/13/2014 James R. Jobe Director 900 $61.79 $55,608.00
06/02/2014 Robert A. McCabe Jr. Director 200 $62.85 $12,569.98
06/24/2014 James R. Jobe Director 1,000 $63.47 $63,470.00

The current annualized dividend paid by National Health Investors, Inc. is $3.08/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/26/2014. Below is a long-term dividend history chart for NHI, which can be of good help in judging whether the most recent dividend with approx. 5.0% annualized yield is likely to continue.

NHI+Dividend+History+Chart

NHI makes up 2.04% of the First Trust RBA Quality Income ETF ( QINC)

More from Stocks

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Complying With GDPR Could Be Costly for Facebook, Google and Other Tech Giants

Complying With GDPR Could Be Costly for Facebook, Google and Other Tech Giants

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

Market Can't Handle the Wild Ride: Cramer's 'Mad Money' Recap (Thursday 5/24/18)

Market Can't Handle the Wild Ride: Cramer's 'Mad Money' Recap (Thursday 5/24/18)

Replay: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation

Replay: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation