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It's easy to get caught up in the momentum. But before leaping into a rallying stock, hoping to enjoy more upside, it's wise to acknowledge the naysayers.

In this case, we look at rallying dividend stocks meeting the following requirements:

Market cap above $300M and rapidly growing: Share price is rallying above its 20, 50 and 200 day moving averages (MA). This is an incredibly bullish technical indicator that says the stock is running strong, and may have some more upward momentum to price in.

Dividend yields between 3%-8%, a relatively sustainable high yield range.

We then screened for those stocks with a bearish sentiment from institutional investors, with significant net institutional sales over the quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to underperform.

For an interactive version of this chart, click on the image below.

Do you think money managers are making the right call? Use this list as a starting point for your own analysis.

1. American Science & Engineering Inc. (NASDAQ:ASEI): Together with its subsidiary AS&E Global, Inc., engages in the development, manufacture, marketing, and sale of X-ray inspection systems for detection and security screening solutions in the United States and internationally. Market cap at $545.56M, most recent closing price at $65.73. Net institutional sales in the current quarter at -568.5K shares, which represents about 7.02% of the company's float of 8.10M shares. Dividend yield at 3%.

The stock is currently trading 0.46% above its 20-day moving average, 2.89% above its 50-day moving average, and 9.42% above its 200-day moving average. The 2 top sellers of the stock are Sparta Asset Management, and American Century Companies.

2. Aircastle LTD (NYSE:AYR): Engages in the acquisition, lease, and sale of high-utility commercial jet aircraft to passenger and cargo airlines worldwide. Market cap at $882.91M, most recent closing price at $12.66. Net institutional sales in the current quarter at -4.1M shares, which represents about 6.03% of the company's float of 67.97M shares. Dividend yield at 5.2%.

The stock is currently trading 1.76% above its 20-day moving average, 7.55% above its 50-day moving average, and 10.24% above its 200-day moving average. The 2 top sellers of the stock are Renaissance Technologies, and Numeric Investors.

3. Costamare Inc. (NYSE:CMRE): Owns and charters containerships to liner companies. Market cap at $1.08B, most recent closing price at $14.50. Net institutional sales in the current quarter at -1.6M shares, which represents about 6.35% of the company's float of 25.20M shares. Dividend yield at 7.45%.

The stock is currently trading 3% above its 20-day moving average, 5.52% above its 50-day moving average, and 8.49% above its 200-day moving average. The 2 top sellers of the stock are GLG Inc., and Citadel Advisors.

4. Duke Energy Corporation (NYSE:DUK): Operates as an energy company in the Americas. Market cap at $46.04B, most recent closing price at $65.39. Net institutional sales in the current quarter at -112.1M shares, which represents about 15.95% of the company's float of 702.91M shares. Dividend yield at 4.7%.

The stock is currently trading 1.5% above its 20-day moving average, 3.6% above its 50-day moving average, and 2.65% above its 200-day moving average. The 2 top sellers of the stock are State Street Capital, and Capital World Investors.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: Money Managers Are Cautious Of These 4 Rallying Dividend Stocks