Insider Buying: William A. Gehman III Purchases 1,000 Shares of Carolina Financial Corp (New) Stock (CARO)
Carolina Financial Corp (New) (NASDAQ:CARO) CFO William A. Gehman III purchased 1,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was purchased at an average cost of $25.50 per share, with a total value of $25,500.00. Following the acquisition, the chief financial officer now directly owns 16,000 shares of the company’s stock, valued at approximately $408,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Carolina Financial Corp (NASDAQ:CARO) traded down 3.92% during mid-day trading on Monday, hitting $24.50. 3,690 shares of the company’s stock traded hands. Carolina Financial Corp has a 52-week low of $19.40 and a 52-week high of $26.00. The stock has a 50-day moving average of $22.89 and a 200-day moving average of $21.57. The company has a market cap of $95.0 million and a price-to-earnings ratio of 9.10.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 8th. Investors of record on Wednesday, September 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Monday, September 15th.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.