Oiltanking Partners Insider is Buying at $55 a Share

Oiltanking Partners insider: Today, Oct. 7th, L. David Griffis, Director at Oiltanking Partners LP (NYSE:OILT), bought* 91 common stock units from the company at a price of $55 per share. The transaction totaled $5,005, which adds up to his preexisting holdings that now amount to 8,956 shares. His share is now valued at $491,057.

Oiltanking Partners LP

However, this purchase is not fortuitous or a one-time-only kind of buy. Actually, Griffis has been buying company shares every month since Jan. 2012 (always between the 7th and 9th day of the month). Since then, the stock has almost doubled in price. Nevertheless, analysts believe that there is still plenty of upside potential left at Oiltanking Partners, while downside looks pretty limited. In terms of valuation, the stock trades at 8.2 times its earnings, at a 75% discount to the industry average. Meanwhile, its margins and returns are amongst the best in the industry, and its debt levels, acceptable.

Anne-Marie Ainsworth, President, CEO and Director at Oiltanking Partners, has been also betting on the firm for a while now. Between February and September of 2013 (seven months), she increased her participation in the firm by more than four times, passing to hold 9,000 shares, up from 2,000.

Besides these insiders, some hedge funds are also quite bullish on this company. Amongst the funds we track, Jim Simons‘ Renaissance Technologies and Thomas M. Fitzgerald‘s Longbow Capital Partners hold important stakes at Oiltanking Partners. They own $1,468,000 and $1,270,000 in stock, respectively. Although the percentage of their portfolios represented by this investment does not reach 1%, they are still not to be underestimated.

*The transaction reported on this Form 4 was executed pursuant to a unit purchase plan in compliance with Rule 10b5-1 under the Securities Exchange Act of 1934.

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

How One Anacor Pharmaceuticals Insider is Making Bank

This VP Loves Investors Real Estate Trust

5 Stocks With Heavy Insider Buying Last Week

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!