Deluxe Corp Insider Buys Raise Investor Confidence

A recent report highlights major stock purchases by Deluxe Corp's CEO, Barry C. McCarthy. His investments totaling $107.8K indicate confidence in the company's future, signaling potential positive movements for Deluxe Corp's stock.

Date: 18-12-2024

AI Rating: 7

Recent insider purchases by Barry C. McCarthy, the President & CEO of Deluxe Corp (DLX), involve a total investment of $107.8K across two transactions. This level of investment by an insider often reflects a belief in the company's undervalued status or optimistic business prospects, which can influence investor sentiment positively.

McCarthy's first purchase comprised 2,820 shares at a price of $19.08 per share, totaling $53,805.60, while the second purchase involved 2,290 shares at $23.57 per share, equating to $53,975.30. His average purchase price stands at $21.09 per share, which is slightly below the most recent trading price of $23.20, suggesting that he likely perceives an upside potential.

Deluxe Corp's stock has experienced a 52-week low of $18.48 and a high of $24.87, demonstrating some volatility. With the current stock price hovering just below the high point of this range, this may further attest to the perceived strength of the company in the marketplace.

The annualized dividend of $1.20 per share, with a yield of approximately 5.2%, adds an element of attractiveness for income-focused investors. The consistency of this dividend payment history can enhance overall investor confidence, suggesting that the company is not only focused on growth but also values returning capital to shareholders.

Overall, the insider buying trend can be seen as a strong indicator of confidence in Deluxe Corp's operational trajectory, which might encourage investors to consider the stock as a viable option.

Stocks: DLX