alphaweatlhfunds

Massive Insider Buy in Selecta Biosciences $SLB and other Notable Buys Week Ending October 23, 2020

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For trade details click on this link to the trades Selecta Biosciences up 23.20% Carnival Corp up 9.32% Del Taco Restaurants up 8.61% CITIGROUP up -0.32%   Director Timothy Springer has been on a buying binge with Selecta Biosciences.  This past week alone, Springer purchased 1,887,696 shares at an average price of $2.30 and 3,644,692 shares at $2.62 per share.  Between these two buys he shelled out $13.89 Million.  That’s on top of the $6 million he spent the prior week buying shares between $1.77-$1.99 a piece. So he more than doubled down on this buy and paid as much … Read more

”s about to Ignite $UPWK Upwork

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The work from home economy is as hot as a firecracker, it’s as hot as a forest fire in California, and it’s about to ignite $UPWK Upwork Upwork Director Gregory Gretsch continues to buy large dollar amounts of gig economy upstart freelancer/independent contractor model Upwork. This time he bought 547,844 shares of UPWK at $14.71.  This is one of our largest holdings. We are big fans of Upwork and use their services repeatedly. It’s a great model.  They have a couple of direct competitors, Israeli-based Fiverr, and Freelancer.com.Since neither Fivvr nor Upwork are yet profitable, conventional fundamental analysis may not be … Read more

Some Insiders are Killing it- Everything is UP- Week Ending February 7, 2020

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Wow- did you see our pick of the week, Groupon?  Groupon rocketed over 50% Friday on better than expected quarterly earnings and an enormous short squeeze. GRPN traded 13 times normal volume which makes it prime for a price reversal. I listened to the earnings call and not sure how convincing the turnaround story will be. Didn’t hear on attaboy from the handful of analysts obligatorily covering the fallen unicorn.  It’s still mind number to think they turned down $5.7 Billion from Google. I’m going to make a mental note that when Google offers me $5.7 billion for my company, … Read more

Stock Market Makes All Time High, Real Estate on Fire, and the Worst GDP in a Century

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Nice thing about math, there is not much point in debating it. The numbers are the numbers and some insider buys are much better than others. This dynamic spreadsheet will show you which ones. Here is the link to the trades- Warren Buffet bought $1.5 billion of Bank of America’s stock on the open market last week and no one is even talking about it.  It wasn’t that long ago that the news that Buffet was buying would cause of stampeded of buying by his followers.  Apple crushes 2nd quarter earnings, announces 4 for 1 stock split, it’s stock skyrockets … Read more

Bed Bath Beyond Dog Howls 17% Last Week after Insider Buy

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Here is the link to the trades- Once again Bed Bath Beyond BBBY teaches us you can make a lot of money from a bad stock if you buy it right. That’s certainly what Director Suge Gove did after the Company reported earnings, the stock cratered, and every analyst trash talked the company down.  Gove scooped up 34,000 shares at $7.89 and by weeks end was up 17%.  Not bad, Suge; I bet you wish you could sell. Insiders are subject to short swing rules that prohibit doing just that.  BBBY seems on terminal descent with Amazon, Wayfair, and now … Read more

The Willing Suspension of Disbelief- Insiders are Scarce Week Ending July 10th

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 Insiders buys were far and few in between last week. You can see them at this link to the trades- The most notable and outlandish was Harold Hamm’s monster buy of $47.6 Million of Continental Resources CLR at $17.77.  This is all the more remarkable since June, Hamm has bought $178 Million of this beleaguered oil and gas Bakken fracking pioneer.  Hamm has tons of this stock. Hamm is a big supporter of Trump who as much as he professes his love for the industry, the price of crude has cratered on his regime. Perhaps he feels oil will … Read more

Reality Check- Insider Buying Week Ending 6-26-20

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It was not a fun week for longs as Coronavirus is on the rise and insiders are blacked out before 2nd quarter earnings. I doubt that insiders were chomping on the bit to buy as the market rebound from the March lows has them unloading their holdings at a record pace. There were a few buys of interest and we highlight them here.  Until we figure out why our embedded Google sheet is not displaying in the RSS feed in our MailChimp blast, here is the link to the trades- Founder and former CEO Eric Lefkofsky bought $5.39 Million worth … Read more

Just how good are insider buying tips? See for yourself, they trounce the S&P 500

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We’ve added a new feature to our blog/newsletter about insider buying. As you know, each week we analyze the most notable buys and try to understand what they see and share this knowledge with the readers.  We don’t look at just any insider buys but ones we deem notable. A more detailed explanation of how we determine “notable” is described in detail below. Just how good are these insights?  Well now you can see for yourself.  From here on out, each week and for all of June and May we included a dynamically updated spreadsheet that tracks these highlighted insider … Read more

”t forget the Covid-19 test kit $QDEL Insider Buying Week of 6-19-20

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These are the insider buys that matter for last week. For real time insider alerts subscribe to our Twitter at https://twitter.com/theinsidersfund.  When insiders buy, stocks make knee jerk moves up. The best time period to make bank is the next three days, perhaps five and then the prior trend sets in.  Follow us on Twitter for the names we take an interest in. This week’s top movers are Camping World Holdings up 27.03% and Quidel, up 29.88% The average 3 day gain was 5.25% and holding just three days longer pushed it to 8.04%.  If there is no 5 day … Read more

What are Insiders Buying at Market Highs- Week 6-12-20?

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Fibrogen CEO Conterno bought 27,800 shares at $35.47.  After last year’s unexpected passing of founder and long-time helmsman Thomas Neff, FibroGen needed a permanent successor—and with its big roxadustat launch looming, that new CEO would ideally know the ropes in kidney and metabolic diseases. Conterno, who came from Lilly six months ago as its U.S. business chief and worldwide diabetes lead, became FibroGen’s new CEO, in January. This is his first open market purchase.  Here is a link to a  recent Goldman Sachs investor presentation According to their website, FGEN is dedicated to creating innovative, first-in-class medicines for the treatment … Read more

Riots, Protests, Pandemics and a Little Insider Buying Week Ending June 5th, 2020

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The monster purchase by Mitchell Rales of 141,20 shares of Danaher Corp DHR at $164.69 represented just 0.4% change in his holdings.  If an insider is doubling his holdings, this likely has more significance than just upping your holdings by 4/10 tenths of a percent, but this was still a monster buy and I wanted to analyze it. Danaher has made the Rales brothers billionaires and it seems they are none to eager to unload it. Not sure what to make of Director Glazer’s purchase of $1.7 Million of HCHC.  HC2 Holdings is a publicly traded investment vehicle with Philip … Read more

Quiet Insider Buying Shortened Week May 29th 2020

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Jazz Pharmaceutical Director Seamus Mulligan bought 50,000 shares at $111.08. Before investors pile in behind that enforcement, it’s worth considering Mulligan bought 50,000 shares back in 11/15/18 at $144.56. JAZZ had a few analyst downgrades after releasing last quarter’s earnings report. JAZZ is a leader in sleep medicine and has a growing hematology/oncology portfolio. Dynavax Technologies DVAX is a startup biotech.  The priced a 14M share offering at $5 below the last closing price osf $5.66. Director Jack bought 1,000,000 shares at $5. Do you think he knew that DVAX would announce a week letter that Sky would report a … Read more

Mercury General Auto Insurer Chairman Puts the Petal to the Metal

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 Mercury General Chairman George Joseph buys $9.2 Million more of this California property and casualty insurer.  MCY  with a current 6.4% dividend yield and a 34 year history of consecutive dividend raises, looks particularly tempting.  It’s off 44% from its high and the Chairman of the Board has bought $24 million worth of the company’s stock in the last 10 days. People are driving less, auto claims are down. The potential loss of reinvestment income due to lower bond rates seems overstated by this drop in price. Besides Mercury has been historically a  relatively bigger player in the equity markets, … Read more

Insider Buying Picks Up- Week Ending 5-15-20

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Insider buying picked up this week across several depressed sectors like insurance,  small regional banks,  gaming, furniture, REITS, building products, restaurants and retailers, automotive and motorcycle and utility stocks. The buy of the week is property and casualty California auto insurer, Mercury General MCY.  Chairman of the Board George Joseph continued accumulating stock with $15 million of stock purchases at an average price of $35.95. MCY is down from it’s high this year of $52.  MCY yields 6.65%. People are driving less and insurance claim losses are down  as a result of that. Offsetting this, reinvestment rates on bond portfolios … Read more

A Few Insider Buys in some Beleaguered Stocks Week Ending May 9th 2020

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Private prison operator GEO Geo Group CEO Anthony Quinn continues to buy stock in this out of favor REIT play yielding an astounding 16.7% on Friday’s close. In the most recent 10Q the Company stated that Covid-19 pandemic adds a material concern to the financials. I think the stock reflects that with its yield. On March 24th they were rewarded  with a five year 90-100,000 participant contract with U.S. immigration services.  This $2.8 million purchase at $11.31 is the latest in large buys. He bought $1.2 Million on 3/12 at $11.65 and $8.5 million at $16.58 on 2-24-20. The stock … Read more

A Few Insider Buys and they Pay off Big -Week Ending April 24th

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Director Stephen Luczo continues to buy when others retreat. This time he bought $1.1m of AT&T at $29.38.  When rates are near zero AT&T is paying out 7% dividend yield. He added to his Morgan Stanley bet $734.9K at $38.68. Geoffrey Yang bought 6,754 at $29.39 on 4/24/20. Several insiders participated in a secondary for Darden at $58.5.  DRI closed today at $78.50 Director Gerber bought $3 million of Haliburton at $8.68. HAL closed today at $8.91.  This one takes balls and Gerber has them as he bought $1 million on March 13th at $6.78 Director Plants bought 95,238 Cutera … Read more

Insider Buying has all but Disappeared -for now, Week Ending April 17th

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The tale of the tape is disappointing.  After an initial rash of buying, the insiders have disappeared. The most notable buy of the week was Director Stephen Burke’s massive $6.59 million dollar buy of JP Morgan, increasing his holdings by 50%. JPM responded, soaring almost 10% the following day, dragging the beleaguered sector with it. After the close, Key Corp President reported buying 100,000 shares at $10.36.  I expect KEY to pop Monday morning absent a market sell-off. Williams Sonoma Chairman Bellamy stepped up and bought this home cooking retailer, laying out $485,250 to purchase 9600 shares at $50.55. WSM … Read more

Lovesac might be Love Shack -Insider Buying Week Ending 1-17-20

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We are hard pressed to find much opportunistic in this week’s insider buying reports unless you think 20,000 newly acquired shares of Lovesac by the Chairman might do anything to arrest this falling knife.   Then again it wouldn’t take much to enact a counter trend rally.  LOVE is exactly that kind of small-cap neglected name is making giant one day moves in this current state of the broader rally.  Their sectional sofa line, affectionally named Sactionals might just be the product that moves the stock higher.  The company reported 40% revenue growth on Jan 13th,  although yet unprofitable. One of … Read more

Notable Insider Buying Week Ending 1-10-20

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Not much happened in the world of insider buying last week. The vast majority of insiders are blacked out from buying or selling their stock during the period immediately before the release of 4th quarter earnings. The few that did make buys were hardly noticeable or worthy of exploring. The largest buyer last week was the CEO of Franchise Group Inc. FRG is the old Liberty Tax now focused on the evaluation and acquisition of franchise-oriented or complementary businesses. I spent some time researching this. It’s basically at this point a private equity company with a public stock they can … Read more

Notable Insider Buys Week ending Jan 3, 2020

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  Duncan is at it again, buying massive amounts, $6.8 million at an average price of $27.90, of midstream E&P company, Enterprise Products Partners, LP.  EPD yields a little over 6%. Next on the list is Director Omtvedt’s purchase of 40,000 shares of food conglomerate Conagra Brands at $33.99. This was particularly notable because not only did he more than double his holdings, this purchase was made after the stock rose 18% on a Q2 earnings beat and a higher than expected organic sales growth of 1.6%. This long time food industry executive has been a board member since 2016. … Read more