The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company 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 in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $2.3M by Wesley R. Edens, Director at New Senior Investment Group Inc (SNR - Get Report).Edens bets big on SNR:
|08/28/2015||Wesley R. Edens||Director||200,000||$11.36||$2,272,074.39|
The current annualized dividend paid by New Senior Investment Group Inc is $1.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/16/2015. Below is a long-term dividend history chart for SNR, which can be of good help in judging whether the most recent dividend with approx. 10.5% annualized yield is likely to continue.According to the ETF Finder at ETF Channel, SNR makes up 1.42% of the Guggenheim Spin-Off ETF ( CSD) which is trading relatively unchanged on the day Thursday.