Top Buys by Top Brass: President Weil Jr.'s $300.1K Bet on RCAP

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 $300.1K invested across 2 purchases by Edward M. Weil Jr., President, Treas. & Secretary at Rcs Capital Corporation (RCAP).

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Weil Jr. bets big on RCAP:
Purchased Insider Title Shares Price/Share Value
06/27/2014 Edward M. Weil Jr. President, Treas. & Secretary 2,457 $20.61 $50,649.31
11/18/2014 Edward M. Weil Jr. CEO 20,550 $12.14 $249,427.68

Weil Jr.'s average cost works out to $13.04/share. In trading on Wednesday, bargain hunters could buy shares of Rcs Capital Corporation ( RCAP) and achieve a cost basis lower than Weil Jr., with shares changing hands as low as $11.84 per share. Shares of Rcs Capital Corporation were changing hands at $12.11 at last check, trading down about 6.4% on Wednesday. The chart below shows the one year performance of RCAP shares, versus its 200 day moving average:

Rcs Capital Corporation Chart

Looking at the chart above, RCAP's low point in its 52 week range is $8.94 per share, with $39.98 as the 52 week high point — that compares with a last trade of $12.11.

The current annualized dividend paid by Rcs Capital Corporation is $0.72/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 RCAP, which can be of good help in judging whether the most recent dividend with approx. 5.6% annualized yield is likely to continue.

RCAP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, RCAP makes up 1.46% of the SPDR S&P Capital Markets ETF ( KCE) which is trading lower by about 1.3% on the day Wednesday.

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