Insider Buying Shines Light on Cable One Inc’s Potential Value
This article reviews key insights from the latest Dividend Channel ”DividendRank” report. We focus on companies that have seen insider buying over the past six months, highlighting that company officers often hold unique insights. When they invest their own capital in stock purchases, it typically indicates their belief in the company’s potential for profit, whether due to undervaluation or positive developments within the firm. Notably, Cable One Inc (Symbol: CABO) has attracted attention following recent insider transactions.
On March 5, Director Wallace R. Weitz purchased 4,000 shares of CABO for a total of $982,020.00, equating to a price of $245.50 per share. As of the latest trading, shares of Cable One Inc (Symbol: CABO) were available at a lower cost basis of $227.36 per share, which is 7.4% below Weitz’s purchase price. Currently, CABO shares are trading down by 2.75% for the day. The following chart illustrates the one-year performance of CABO shares compared to its 200-day moving average:
According to the chart, the lowest price for CABO shares in the last 52 weeks is $227.36, while the highest point reached $452.72. The last trade closed at $227.74. Below is a summary of insider purchases recorded over the previous six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 03/05/2025 | Wallace R. Weitz | Director | 4,000 | $245.50 | $982,020.00 |
The DividendRank report highlighted that CABO shares offer both appealing valuation and robust profitability metrics. Currently priced at $236.35, CABO has a price-to-book ratio of 0.7 and an annual dividend yield of 4.99%. In contrast, the average company within Dividend Channel’s coverage yields 4.6% and trades at a price-to-book ratio of 2.6. The report also emphasized Cable One Inc’s strong quarterly dividend history, combined with its favorable long-term growth rates in key financial indicators.
The report stated, ”Dividend investors approaching investing from a value standpoint focus on identifying the strongest and most profitable companies that are also attractively valued. Our proprietary DividendRank formula facilitates this search by ranking stocks based on profitability and valuation criteria, presenting investors with a curated list of compelling investment opportunities.”
Cable One Inc pays an annualized dividend of $11.8 per share, with quarterly distributions. The most recent ex-dividend date was February 18, 2025. Below is a long-term dividend history chart for CABO, which the report marked as a crucial aspect of evaluating its dividend reliability.
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