GDOT

Insider Buying Week 03-15-24

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Insider buying has been noticeably scarce in this bull leg of a market making all-time highs. The small amount of buying is not performing particularly well either.  You might find this news surprising from a hedge fund manager who has made a living reading these tea leaves for 23 years. Name: Ole G Rosgaard Position: President and CEO Transaction Date: 2024-03-08 Shares Bought: 4,914 Average Price Paid: $67.00 Cost: $329,235 Company: Greif Inc (GEF) Greif Inc. is a top global provider of industrial packaging goods and services, with operations in over 35 countries. The company provides a wide range of … Read more

Insider buys were up 9.22% versus the S&P 500 up 2.16% for Week Ending November 13th

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For trade details click on this link to the trades Integer Holdings Corp up 19.94% ViewRay Inc. up 20.92% Camping World Holdings Inc. up 14.05% Magellan Midstream Partners L.P. up 12.94% Aon plc up 9.64% CALIX INC up 9.59% BlackRock Capital Investment Corp up 8.98% PARSONS CORP up 9.29% LIONS GATE ENTERTAINMENT CORP up 6.63% GREEN DOT CORP up 4.80% Vishay Precision Group Inc. up 5.37% ASSURANT Inc up 4.47% VERTEX PHARMACEUTICALS INC up 3.75% TUPPERWARE BRANDS CORP up 3.49% Dun & Bradstreet Holdings Inc. up 4.14% Hanesbrands Inc. up 1.73% NEW RELIC Inc up 1.02% LOUISIANA-PACIFIC CORP down -0.57% … 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