Insider Buying: National Security Group, Inc. (NSEC) Director Acquires 6,299 Shares of Stock
National Security Group, Inc. (NASDAQ:NSEC) Director Fred Clark, Jr. purchased 6,299 shares of the stock in a transaction on Wednesday, November 29th. The shares were acquired at an average price of $14.96 per share, for a total transaction of $94,233.04. Following the transaction, the director now directly owns 38,596 shares of the company’s stock, valued at approximately $577,396.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of National Security Group, Inc. (NSEC) traded up $1.02 during mid-day trading on Wednesday, reaching $15.00. The company’s stock had a trading volume of 2,100 shares, compared to its average volume of 2,815. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. National Security Group, Inc. has a 52 week low of $11.52 and a 52 week high of $18.52.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 6th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. National Security Group’s dividend payout ratio is currently -25.64%.
The National Security Group, Inc is an insurance holding company. The Company, through its subsidiaries, operates through two segments: property and casualty insurance, and life insurance. Its property and casualty insurance business is conducted through National Security Fire and Casualty Company (NSFC), a subsidiary of the Company, and Omega One Insurance Company (Omega), a subsidiary of NSFC.
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