Franklin Street Properties: A 15.2% Better Bargain Than When Hansen Bought

By Dividend Channel Staff, Monday, October 3, 11:01 AM ET

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 September 14, Franklin Street Properties Corp's Director, Brian N. Hansen, invested $274,731.50 into 90,000 shares of FSP, for a cost per share of $3.05. 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 Monday, bargain hunters could buy shares of Franklin Street Properties Corp (AMEX:FSP) and achieve a cost basis 15.2% cheaper than Hansen, with shares changing hands as low as $2.59 per share. Franklin Street Properties Corp shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of FSP shares, versus its 200 day moving average:

Franklin Street Properties Corp Chart

Looking at the chart above, FSP's low point in its 52 week range is $2.58 per share, with $6.58 as the 52 week high point — that compares with a last trade of $2.59. By comparison, below is a table showing the prices at which FSP insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/06/2022 Kenneth A. Hoxsie Director 10,400 $4.79 $49,868.00
06/16/2022 Brian N. Hansen Director 100,000 $3.95 $395,329.50
08/09/2022 Brian N. Hansen Director 100,000 $3.32 $331,951.90
08/08/2022 Dennis J. McGillicuddy 100,000 $3.40 $340,200.00
09/14/2022 Brian N. Hansen Director 90,000 $3.05 $274,731.50

The current annualized dividend paid by Franklin Street Properties Corp is $0.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/18/2022. Below is a long-term dividend history chart for FSP, which can be of good help in judging whether the most recent dividend with approx. 1.5% annualized yield is likely to continue.

Free Report: Top 7%+ Dividends (paid monthly)

This Article's Word Cloud:   AMEX   Arial   Back   Bargain   Bargains   Below   Brian   Cheaper   Corp   Dennis   Director   Dividend   Dividends   Franklin   Free   Hansen   Hoxsie   Insider   Insiders   Kenneth   Properties   Street   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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