Insider Bets Paying Off At NHI As New 52-Week High Reached

In trading on Friday, shares of National Health Investors, Inc. ( NHI) touched a new 52-week high of $65.00/share. That's a 22.62% rise, or $11.99 per share from the 52-week low of $53.01 set back on 09/05/2013. That means at today's intraday high, any investor who purchased NHI 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, NHI 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
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
08/06/2014 James Justin Hutchens CEO and President 2,040 $61.40 $125,256.00
08/06/2014 Roger R. Hopkins Chief Accounting Officer 850 $61.43 $52,215.50

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

National Health Investors, Inc. Moving Averages Chart

In afternoon trading on Friday, NHI shares are changing hands at $64.71/share, slightly below the new 52-week high.

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