$2.5 Million Bet On Element Solutions? Check Out These 4 Stocks Insiders Are Buying

Although US stocks closed higher on Tuesday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

Ryan Specialty Holdings

• The Trade: Ryan Specialty Holdings, Inc. RYAN CEO Patrick Ryan acquired a total of 287,625 shares an average price of $37.98. To acquire these shares, it cost around $10.92 million.
• What’s Happening: Ryan Specialty recently reported worse-than-expected Q3 results.
• What Ryan Specialty Does: Ryan Specialty Holdings Inc, formerly Ryan Specialty Group Holdings Inc is a service provider of specialty products and solutions for insurance brokers, agents and carriers.

Element Solutions

• The Trade: Element Solutions Inc ESI Director Martin E Franklin acquired a total of 135,000 shares at an average price of 18.90. To acquire these shares, it cost around $2.55 million.
• What’s Happening: The company, last month, posted downbeat quarterly sales.
• What Element Solutions Does: Element Solutions, founded in 1785, operates as a specialty chemicals company in the United States, China, and internationally.

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Six Flags Entertainment

• The Trade: Six Flags Entertainment Corporation SIX Director Arik W Ruchim bought a total of 150,000 shares at an average price of $22.11. To acquire these shares, it cost around $3.32 million.
• What’s Happening: The company recently posted downbeat quarterly results.
• What Six Flags Entertainment Does: Six Flags Entertainment, based in Arlington, Texas, owns and operates regional theme and waterparks under the Six Flags name.

C.H. Robinson Worldwide

• The Trade: C.H. Robinson Worldwide, Inc. CHRW Director Henry J Maier bought a total 1,000 shares at an average price of $96.37. The insider spent around $96.37 thousand to buy those shares.
• What’s Happening: C.H. Robinson recently increased its quarterly cash dividend from $0.55 to $0.61 per share .
• What C.H. Robinson Worldwide Does: C.H. Robinson Worldwide, headquartered in Eden Prairie, Minnesota, provides freight transportation services and logistics solutions to companies in various industries worldwide.