This Stock Has A 2.57% Yield, Sells For Less Than Book, and Insiders Have Been Buying

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider 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 when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Hallador Energy Co ( HNRG), which saw buying by Director Victor P. Stabio.

The Top DividendRank'ed Stocks With Insider Buying »

Back on September 10, Stabio invested $100,650.00 into 15,000 shares of HNRG, for a cost per share of $6.71. In trading on Thursday, bargain hunters could buy shares of Hallador Energy Co ( HNRG) and achieve a cost basis 10.5% cheaper than Stabio, with shares changing hands as low as $6.00 per share. It should be noted that Stabio has collected $0.04/share in dividends since the time of their purchase, so they are currently down 10.0% on their purchase from a total return basis. Hallador Energy Co shares are currently trading -3.61% on the day. The chart below shows the one year performance of HNRG shares, versus its 200 day moving average:

Hallador Energy Co Chart

Looking at the chart above, HNRG's low point in its 52 week range is $5.96 per share, with $12.94 as the 52 week high point — that compares with a last trade of $6.00. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

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