Tap-tap-tapping into their coffers, insiders at Broadstone Net Lease Inc (Symbol: BNL) are on a buying spree, sending signals rippling through the investor pool. The recent formation of a “cluster-buy,” involving 4 insiders snagging 29,000 shares at a $14.73/share average price, totaling $427,278, is casting light on potential hidden gems within the stock.
Visualize a group of eagles soaring together, plunging their talons into the market, snatching up shares. Michael A. Coke, John David Moragne, Kevin Fennell, and Shekar Narasimhan—strategically timing their purchases like a synchronized dance—are setting tongues wagging and pens scribbling in the financial world.
The Cluster Unveiled
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 02/26/2024 | Michael A. Coke | 10,000 | $14.67 | $146,720.00 | |
| 02/26/2024 | John David Moragne | Chief Executive Officer | 10,000 | $14.77 | $147,688.00 |
| 02/26/2024 | Kevin Fennell | EVP & CFO | 4,000 | $14.63 | $58,520.00 |
| 02/27/2024 | Shekar Narasimhan | 5,000 | $14.87 | $74,350.00 |
Peering ahead, observers are comparing the insider moves to the stock’s performance over the year, juxtaposing the sharp eye of insiders against the backdrop of the 52-week range that stretches from $13.68 to $17.64 per share. Currently, the stock is surfing at $14.72, catching a 0.2% wave on the day.
The Performance Horizon
Could this be the prelude to success, a harbinger of a bullish run? The chart, akin to a seismograph charting market tremors, paints a vivid picture, showing a dance between BNL shares and their 200-day moving average, offering insights like a sage peering into a crystal ball.
The tantalizing aroma of dividends wafts in the air, with Broadstone Net Lease Inc offering an annualized dividend of $1.14/share, distributed quarterly. Investors eagerly eye the upcoming ex-date of 03/27/2024, eagerly thumbing through a long-term dividend history chart for BNL, like a treasure map leading to a pot of gold.
Dividend Delights
Let’s not overlook the tempting allure of dividends, akin to the sweet siren song luring sailors to rocky shores. Luring investors with a 7.8% annualized yield from the latest dividend, Broadstone Net Lease Inc beckons like a beguiling enchantress, promising riches to those who dare to venture into its fold.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
