Insiders Seeing Green With ALG At New 52-Week High

In trading on Wednesday, shares of Alamo Group, Inc. ( ALG) touched a new 52-week high of $69.49/share. That's a 43.99% rise, or $21.23 per share from the 52-week low of $48.26 set back on 01/20/2016. That means at today's intraday high, any investor who purchased ALG stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, ALG has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
06/27/2016 Gary L. Martin Director 1,000 $59.10 $59,100.00
06/28/2016 Eric Etchart Director 1,000 $58.84 $58,840.00

The chart below shows where ALG has traded over the past year, with the 50-day and 200-day moving averages included.

Alamo Group, Inc. Moving Averages Chart

In afternoon trading on Wednesday, ALG shares are changing hands at $69.45/share, slightly below the new 52-week high.

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