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BSM Trading 5.0% Below Director's Recent Buy Price

By Energy Stock Channel Staff, Thursday, December 6, 10:41 AM ET
Play Video: One Reason For Insiders to Buy


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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 November 16, Black Stone Minerals LP's Director, D. Mark Dewalch, invested $20,044.09 into 1,175 shares of BSM, for a cost per share of $17.06. 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.

In trading on Thursday, bargain hunters could buy shares of Black Stone Minerals LP (NYSE:BSM) and achieve a cost basis 5.0% cheaper than Dewalch, with shares changing hands as low as $16.20 per share. Black Stone Minerals LP shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of BSM shares, versus its 200 day moving average:

Black Stone Minerals LP Chart

Looking at the chart above, BSM's low point in its 52 week range is $16.20 per share, with $19.29 as the 52 week high point that compares with a last trade of $16.24. By comparison, below is a table showing the prices at which BSM insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/13/2018 William N. Mathis Director 11,400 $16.79 $191,389.54
11/16/2018 D. Mark Dewalch Director 1,175 $17.06 $20,044.09

The current annualized dividend paid by Black Stone Minerals LP is $1.48/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/13/2018. Below is a long-term dividend history chart for BSM, which can be of good help in judging whether the most recent dividend with approx. 9.0% annualized yield is likely to continue.


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This Article's Word Cloud:   Arial   Back   Bargain   Below   Black   Channel   Cheaper   Dewalch   Director   Dividend   Energy   Insider   Insiders   Looking   Mark   Mathis   Minerals   NYSE   Newsletter   November   Offer   Stone   about   annualized   below   buying   chart   cost   currently   dividend   escape   fillColor   hunters   insider   last   most   only   paid   point   reason   recent   share   shares   stock   that   their   trading   week   which   with

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