Top Buys by Directors: Schuyler's $108.4K Bet on GST

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 $108.4K by Jerry R. Schuyler, Director at Gastar Exploration Inc. ( GST).

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Schuyler bets big on GST:
Purchased Insider Title Shares Price/Share Value
09/11/2014 Jerry R. Schuyler Director 14,000 $7.74 $108,369.80

Schuyler's average cost works out to $7.74/share. In trading on Friday, bargain hunters could buy shares of Gastar Exploration Inc. ( GST) and achieve a cost basis lower than Schuyler, with shares changing hands as low as $7.66 per share. Shares of Gastar Exploration Inc. were changing hands at $7.72 at last check, trading off about 1.1% on Friday. The chart below shows the one year performance of GST shares, versus its 200 day moving average:

Gastar Exploration Inc.  Chart

Looking at the chart above, GST's low point in its 52 week range is $3.66 per share, with $9.10 as the 52 week high point — that compares with a last trade of $7.72.

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