Insider Buying: Benedict P. Rosen Acquires 1,115 Shares of Carolina Financial Corp (New) Stock (CARO)
Carolina Financial Corp (New) (NASDAQ:CARO) Director Benedict P. Rosen purchased 1,115 shares of the stock in a transaction dated Monday, August 25th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $27,875.00. Following the completion of the transaction, the director now directly owns 2,715 shares in the company, valued at approximately $67,875. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Carolina Financial Corp (NASDAQ:CARO) remained flat at $25.01 during trading on Wednesday. Carolina Financial Corp has a 1-year low of $19.40 and a 1-year high of $26.00. The stock has a 50-day moving average of $23.58 and a 200-day moving average of $21.88. The company has a market cap of $97.1 million and a price-to-earnings ratio of 8.93.
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 0.80%. The ex-dividend date of this dividend is Monday, September 15th.
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