I've been studying this company to make a major investment but I concluded that it is worth about $5 per share. Few points:
1) Why do they issue dividends and raise money by issuing shares? Makes no sense. If you want to raise money the you should be preserving cash and not issuing dividends.
2) Underwriters charge hefty fees. The company only received $4.78 last December for every share it issued. It is encouraging that the lead underwriter purchased some shares, but he only paid $4.84 a share. Current price is substantially higher.
3) Insiders have been buying but at substantially lower prices.
4) Insiders also sold shares (300,000 shares), but you cannot see that in Yahoo. It was part of the issuance of new shares.
You do realize that since December the insiders purchased over 1.3 million shares and paid north of your target price of $5.00 a share. This is a whole new investor group and management team. Also pricing is increasing in their markets and we should see some pretty good numbers hitting the bottom line. I think this will be a big winner. Best of Luck to you.