Stocks with Insider Transactions and Boosted Share Repurchase Programs

Investors might want to take a look at the stocks of companies that have seen both recent insider buying and increased share repurchase authorizations. On their own, each factor could be seen as a bullish catalyst. When combined, it could be seen the ultimate bullish signal. Repurchasing shares can signal that a company's executives believe the stock is undervalued, while insider buying says much the same--except the executives are willing to put their own money on the line. Here are three stocks that have recently introduced share buy back programs and seen insider trades: CACI International CACI recently authorized a share repurchase program worth $4 million, the second program issued in this fiscal year. Paul Cofoni, CACI's President and CEO, commented on the program, "We are pleased to announce this new program. Share repurchase programs are an integral part of our capital allocation strategy and an important means to create value for our shareholders." Also, Warren Philips, a director at CACI, bought 248 shares at a price of $50.50 on June 14. On April 2, CACI International was trading at $62.85, but in the last five days the stock is up about 3%. Year-to-date, CACI is down roughly 17%, but in the last month the company is up about 19%. InterDigital IDCC doubled its share repurchase program from $100 million to $200 million on June 18. InterDigital noted that it would purchase stocks from time to time through open market purchases. At the same time that InterDigital announced its would increase its share repurchase program, the company also announced that it entered into an agreement to sell $375 million dollars of their patent agreements to Intel INTC. William J. Merritt, President and Chief Executive Officer of InterDigital, stated, "We announced at the start of the year that InterDigital would seek to broaden our strategies to monetize our patent portfolio through sales, licensing partnerships and other means, and the transaction with Intel is a significant milestone in those efforts" On June 2, John Kritzmacher, a director at InterDigital, bought 1,520 shares at a price of $23.82. On the same day, Jean Rankin, also a director, bought the same amount of shares for the same price. Year-to-Date, InterDigital is down about 36%, but since June 15, the company has surged up about 22%. On June 14, Crawford and Company CRD announced that it entered into a stock repurchase program for its class A common stock. Thus far, there have been no announcements for timing, amounts, or prices of the repurchases. Crawford and Company has also experienced recent insider transactions. On June 15, Jefferey Bowman, an officer, bought 7,500 shares at $3.55 and Charles Ogburn, a director, bought 4000 shares at a price of $3.53 on June 6. Year-to-date Crawford and Company class A stock is down about 10%.