theinsidersfund

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

Notable Insider Buying Week Ending 12-20-19

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CB Duncan continues to amass sizable buys of Enterprise Products Partners, LP.  This midstream oil and gas operator  yields 6.29%. This seems like a buy in a low yield world but bear in mind, several MLPs  in this space yield double digits and have sizable insider buying as well. If you believe the combustion engine will be replaced by EVs in the next 10 years, don’t buy these MLPs. I for one don’t believe the market appreciates the complexity and cost of making lithium batteries. A director bought $1.28 million of peer Energy Transfer Partners at $12.79 per share, yielding … Read more