A Director at Macquarie Infrastructure Company (MIC) is Buying Shares


Today, a Director at Macquarie Infrastructure Company (NYSE: MIC), Norman Brown, bought shares of MIC for $45.98K.

This is Brown’s first Buy trade following 8 Sell transactions. Following this transaction Norman Brown’s holding in the company was increased by 2.03% to a total of $2.31 million.

See today’s analyst top recommended stocks >>

Based on Macquarie Infrastructure Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $478 million and quarterly net profit of $38.37 million. In comparison, last year the company earned revenue of $439 million and had a net profit of $26.02 million. MIC’s market cap is $3.91B and the company has a P/E ratio of 8.16. Currently, Macquarie Infrastructure Company has an average volume of 713.8K.

Eight different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $51.25, reflecting a -10.3% downside.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Macquarie Infrastructure Corp. engages in the ownership, operation and growth of portfolio of infrastructure and infrastructure-like businesses with the aim of producing an attractive risk. It operates through the following business segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts