Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At NGL Energy Partners, a filing with the SEC revealed that on Friday, Chief Executive Officer H.
Michael Krimbill bought 200,000 shares of NGL, for a cost of $1.50 each, for a total investment of $299,950.
So far Krimbill is in the green, up about 20.7% on their buy based on today's trading high of $1.81.
NGL Energy Partners is trading off about 0.6% on the day Wednesday.
Before this latest buy, Krimbill bought NGL at 2 other times during the past year, for a total investment of $536,440 at an average of $1.53 per share.
And at Phenixfin, there was insider buying on Tuesday, by Chairman & Chief Exec.
Officer David A.
Lorber who bought 2,500 shares for a cost of $41.70 each, for a trade totaling $104,243.
Before this latest buy, Lorber bought PFX at 2 other times during the past twelve months, for a total cost of $483,006 at an average of $38.64 per share.
Phenixfin is trading off about 0.4% on the day Wednesday.