Seven Stocks Insiders Are Buying

Insiders may sell shares for any number of reasons, but there is really only one reason insiders buy shares of a company -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have faith in a company to snap up shares. Here are some stocks that have seen insider buying recently. American Public Education APEI: This online higher education provider had more than 340,000 shares, worth over $12.6 million, purchased by a director during Thanksgiving week. The company has a market cap of $682.9 million and a long-term EPS growth forecast of 21.9%. The share price reached a 52-week low in October but has since been on the rise but is still more than 12% lower than six months ago. In that time, the stock has underperformed the Nasdaq, but it has outperformed competitors such as Corinthian Colleges COCO and DeVry DV. Boston Scientific BSX: In November, three directors purchased 143,000 shares, worth more than $771,000. One of those directors also bought shares in October. This Massachusetts-based medical device maker received FDA approvals this week, and it has a market cap of $8.7 billion. The P/E ratio is less than the industry average and the operating margin is much higher than the industry average. The share price jumped almost 11% in the past week but is still about 22% lower year to date. The stock has underperformed the broader markets over the past six months. Federal-Mogul FDML: Carl Icahn, nonexecutive board chairman, purchased more than 350,000 shares, worth more than $4.8 million, in November. He has been periodically buying shares of this vehicle parts manufacturer since August. This company has a market cap of $1.5 billion and a long-term EPS growth forecast of 52.4%. Its stock is up about 16% from a recent 52-week low but still down about 13% from three months ago. Year to date, the stock has outperformed competitor Dana Holding DAN but underperformed the broader markets. Hot Topic HOTT: Two directors of this mall-based specialty retailer purchased 140,000 shares in November. That was worth more than $6.9 million. These same directors also bought shares back in May. The market cap of this California-based company is $305.8 million and its dividend yield is 3.9%. The long-term EPS growth forecast is 20.8%. Shares have sold mostly between $6.50 and $7.50 since early November but are about 20% higher year to date. The stock has underperformed Gap GPS and Limited Brands LTD over the past six months. Incyte INCY: Three directors have purchased more than 2.4 million shares, worth more than $32.3 million, in recent weeks. This Delaware-based biotech company recently received approval for a cancer drug, and it now has a market cap of $1.8 billion and a long-range EPS growth forecast of 25.0%. The share price jumped more than 22% in the past week on news of the approval, but the stock is still more than 12% lower than six months ago. The stock has underperformed competitor Amgen AMGN and the broader markets in that time. Kronos Worldwide KRO: The chairman, the CEO and a director bought more than 550,000 shares, worth more than $10.1 million, in November. And an additional 78,000 shares were bought by insiders in October and September. This Dallas-based pigments maker has a market cap of $2.3 billion and a dividend yield of 3.1%. The return on equity of 41.9% and the long-term EPS growth forecast is 20.5%. The share price is more than 31% lower than six months ago, despite rising more than 9% in the past week. Over the past six months, this stock also underperformed the broader markets. Sirona Dental Systems SIRO: The CEO, the president, the CFO and a senior VP purchased more than 55,000 shares in November. That was worth more than $2.2 million. The dental equipment maker has a market cap of $2.5 billion and an operating margin much higher than the industry average. The long-term EPS growth forecast is 13.4%. The share price has jumped more than 13% in the past week but is still about 12% lower than six months ago. The stock has outperformed the broader markets since the beginning of the year.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsShort IdeasInsider TradesTrading Ideasamerican public educationamgenApparel Retailboston scientificCarl IcahnConsumer Discretionarycorinthian collegesDana HoldingDevryFederal-MogulGAPHot TopicIncyteInsider Buyingkronos worldwideLIMITED BRANDSSirona Dental Systems
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!