Top Buys by Top Brass: CEO and President Commaroto's $198.6K Bet on AMTG

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — 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 the ''top brass'' over the trailing six month period, one of which was a total of $198.6K invested across 2 purchases by Michael A. Commaroto, CEO and President at Apollo Residential Mortgage, Inc. ( AMTG).

START SLIDESHOW:
Click here to find out which other top insider buys by the ''top brass'' you need to know about »

Commaroto bets big on AMTG:
Purchased Insider Title Shares Price/Share Value
05/23/2014 Michael A. Commaroto CEO and President 6,000 $16.48 $98,910.00
09/11/2014 Michael A. Commaroto CEO and President 6,000 $16.61 $99,689.80

Commaroto's average cost works out to $16.55/share. In trading on Monday, bargain hunters could buy shares of Apollo Residential Mortgage, Inc. ( AMTG) and achieve a cost basis lower than Commaroto, with shares changing hands as low as $16.24 per share. Shares of Apollo Residential Mortgage, Inc. were changing hands at $16.24 at last check, trading down about 0.2% on Monday. The chart below shows the one year performance of AMTG shares, versus its 200 day moving average:

Apollo Residential Mortgage, Inc. Chart

Looking at the chart above, AMTG's low point in its 52 week range is $14.24 per share, with $17.50 as the 52 week high point — that compares with a last trade of $16.24.

If you liked this article you might like

3 Sell-Rated Dividend Stocks: AMTG, CCLP, USDP

What To Sell: 3 Sell-Rated Dividend Stocks AMTG, EARN, GOOD

What To Sell: 3 Sell-Rated Dividend Stocks GLP, AMTG, OHAI

3 Sell-Rated Dividend Stocks: AMTG, OHAI, MSB

What To Sell: 3 Sell-Rated Dividend Stocks AMTG, MDLY, GOOD