Grab This Bargain 10.8% Yielder Even Cheaper Than CFO and Treasurer Sigman 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 March 5, AG Mortgage Investment Trust Inc's CFO and Treasurer, Brian C. Sigman, invested $123,048.00 into 7,200 shares of MITT, for a cost per share of $17.09. 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.

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In trading on Wednesday, bargain hunters could buy shares of AG Mortgage Investment Trust Inc ( MITT) and achieve a cost basis even cheaper than Sigman, with shares changing hands as low as $17.04 per share. AG Mortgage Investment Trust Inc shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of MITT shares, versus its 200 day moving average:

AG Mortgage Investment Trust Inc Chart

Looking at the chart above, MITT's low point in its 52 week range is $16.31 per share, with $19.95 as the 52 week high point — that compares with a last trade of $17.11. By comparison, below is a table showing the prices at which MITT insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/05/2018 Brian C. Sigman CFO and Treasurer 7,200 $17.09 $123,048.00

The current annualized dividend paid by AG Mortgage Investment Trust Inc is $1.9/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/28/2018. Below is a long-term dividend history chart for MITT, which can be of good help in judging whether the most recent dividend with approx. 10.8% annualized yield is likely to continue.

MITT+Dividend+History+Chart

According to the ETF Finder at ETF Channel, MITT makes up 1.50% of the Mortgage REIT Income ETF ( MORT) which is trading higher by about 0.2% on the day Wednesday.

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