Bargain Bin Stocks: ARP Now 13.8% Cheaper Than Director Wolf's Buy

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 December 3, Atlas Resource Partners, L.P.'s Director, Bruce M. Wolf, invested $27,440.00 into 2,000 shares of ARP, for a cost per share of $13.72. 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 energy stock bargains you can buy cheaper than insiders »

In trading on Monday, bargain hunters could buy shares of Atlas Resource Partners, L.P. ( ARP) and achieve a cost basis 13.8% cheaper than Wolf, with shares changing hands as low as $11.82 per share. Atlas Resource Partners, L.P. shares are currently trading down about 2.6% on the day. The chart below shows the one year performance of ARP shares, versus its 200 day moving average:

Atlas Resource Partners, L.P. Chart

Looking at the chart above, ARP's low point in its 52 week range is $11.82 per share, with $23.18 as the 52 week high point — that compares with a last trade of $12.04. 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
12/03/2014 Bruce M. Wolf Director 2,000 $13.72 $27,440.00
12/04/2014 Bruce M. Wolf Director 1,000 $13.32 $13,320.00

The current annualized dividend paid by Atlas Resource Partners, L.P. is $2.3592/share, currently paid in monthly installments, and its most recent dividend ex-date was on 12/03/2014. Below is a long-term dividend history chart for ARP, which can be of good help in judging whether the most recent dividend with approx. 19.1% annualized yield is likely to continue.

ARP+Dividend+History+Chart

ARP makes up 2.86% of the Junior MLP ETF ( MLPJ)

More from Stocks

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Key Numbers to Watch as Amazon, Microsoft and Intel Report Earnings on Thursday

Key Numbers to Watch as Amazon, Microsoft and Intel Report Earnings on Thursday

3 Must Know Market Insights From TheStreet's Jim Cramer Before Wednesday's Open

3 Must Know Market Insights From TheStreet's Jim Cramer Before Wednesday's Open

3 New Investing Myths That Must Be Busted

3 New Investing Myths That Must Be Busted

Why a Global Stock Market Crash Is Coming

Why a Global Stock Market Crash Is Coming