Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

Middlesex Water Company (MSEX) CFO A Bruce Oconnor buys 1,000 Shares

June 16, 2010 | About:
gurufocus

insider

41 followers
Vice President & CFO of Middlesex Water Company (MSEX) A Bruce Oconnor buys 1,000 shares of MSEX on 06/14/2010 at an average price of $15.06 a share.

Middlesex Water Company has a market cap of $211.9 million; its shares were traded at around $15.59 with a P/E ratio of 21.4 and P/S ratio of 2.3. The dividend yield of Middlesex Water Company stocks is 4.6%. Middlesex Water Company had an annual average earning growth of 2.5% over the past 10 years. GuruFocus rated Middlesex Water Company the business predictability rank of 4-star.

MSEX is in the portfolios of Murray Stahl of Horizon Asset Management, Jim Simons of Renaissance Technologies LLC.


This is the insider trade history vs. stock price of MSEX. For the complete insider trading history of MSEX, click here.




Directors and Officers Recent Trades:


  • Buy:: Director Annette Catino bought 41 shares of MSEX stock on 06/01/2010 at the average price of 16.03, the price of the stock has decreased by 2.74% since.

  • Buy:: Director John R Middleton bought 84 shares of MSEX stock on 06/01/2010 at the average price of 16.03, the price of the stock has decreased by 2.74% since.

  • Buy:: Director Walter G Reinhard bought 51 shares of MSEX stock on 06/01/2010 at the average price of 16.03, the price of the stock has decreased by 2.74% since.

  • Buy:: Director Jeffries Shein bought 1,950 shares of MSEX stock on 06/01/2010 at the average price of 16.03, the price of the stock has decreased by 2.74% since.

  • Buy:: Director J Richard Tompkins bought 480 shares of MSEX stock on 06/01/2010 at the average price of 16.03, the price of the stock has decreased by 2.74% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.8/5 (4 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.