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).

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Edens bets big on SNR:
Purchased Insider Title Shares Price/Share Value
08/28/2015 Wesley R. Edens Director 200,000 $11.36 $2,272,074.39

Edens's average cost works out to $11.36/share. In trading on Thursday, bargain hunters could buy shares of New Senior Investment Group Inc ( SNR - Get Report) and achieve a cost basis lower than Edens, with shares changing hands as low as $9.82 per share. It should be noted that Edens has collected $0.26/share in dividends since the time of their purchase, so they are currently down 11.3% on their purchase from a total return basis. Shares of New Senior Investment Group Inc were changing hands at $9.96 at last check, trading up about 0.6% on Thursday. The chart below shows the one year performance of SNR shares, versus its 200 day moving average:

New Senior Investment Group Inc Chart

Looking at the chart above, SNR's low point in its 52 week range is $8.56 per share, with $17.74 as the 52 week high point — that compares with a last trade of $9.96.

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.