Grab This Deal Even Lower Than Chief Executive Officer Patel Did

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 May 27, HCI Group Inc's Chief Executive Officer, Paresh Patel, invested $65,619.00 into 1,550 shares of HCI, for a cost per share of $42.33. 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 dividend bargains you can buy cheaper than insiders »

In trading on Tuesday, bargain hunters could buy shares of HCI Group Inc ( HCI) and achieve a cost basis even cheaper than Patel, with shares changing hands as low as $42.27 per share. HCI Group Inc shares are currently trading down about 0.9% on the day. The chart below shows the one year performance of HCI shares, versus its 200 day moving average:

HCI Group Inc Chart

Looking at the chart above, HCI's low point in its 52 week range is $35.30 per share, with $51.44 as the 52 week high point — that compares with a last trade of $42.01. By comparison, below is a table showing the prices at which HCI insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/27/2015 Paresh Patel Chief Executive Officer 1,550 $42.33 $65,619.00

The current annualized dividend paid by HCI Group Inc is $1.20/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/13/2015. Below is a long-term dividend history chart for HCI, which can be of good help in judging whether the most recent dividend with approx. 2.8% annualized yield is likely to continue.

HCI+Dividend+History+Chart

According to the ETF Finder at ETF Channel, HCI makes up 2.23% of the PowerShares International BuyBack Achievers Portfolio ETF ( IPKW) which is trading lower by about 0.6% on the day Tuesday.

More from Stocks

What Market Selloff? Dow Futures Are Popping on Sunday

What Market Selloff? Dow Futures Are Popping on Sunday

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?