Friday, April 5, 2013

Insider Selling May Be Cooling; Here are Three Cos. Seeing Buys

We know, we know: It�s been the same-old, same-old selling coverage over at Inside Scoop lately.

But that could be changing in the near future. InsiderScore notes that that the overriding �Sell� bias is at last trending �Neutral,� according to an update on the website.

InsiderScore points this back to the closing of trading windows for the quarter and predicts that, �Transactional volume will continue to decline and reach a seasonal low point in mid-April.�

With that said, we thought we’d take a look at a few companies where insiders have been buying up stocks — here are three mini-bites for your Thursday.

First up, Macquarie Infrastructure (MIC) grabbed our attention when its CEO James Hooke bought 13,300 shares for $681,400 on March 28. The transaction is somewhat unusual in that Hooke bought the shares from an external manager of the company and the transaction itself was funded by a loan from a parent company.

A little less complicated but still noteworthy is a cluster buy at telecommunications company Windstream (WIN). Four insiders including the CEO Jeffery Gardner bought $410,200 worth of stock over March 7-28. Of the execs plunking down cash, director Samuel Beall,was the biggest buyer, shelling out $240,300 for 30,000 shares of Windstream.

Last but never least, we turn to energy giant Apache�(APA), where longtime director Randolph Ferlic bought 10,000 shares for $744,000 on March 26 in a transaction that InsiderScore noted to be �the largest buy at the company in years.�

No comments:

Post a Comment