Around $16M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed higher on Thursday, 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.

Lazydays Holdings

• The Trade: Lazydays Holdings, Inc. LAZY Director Christopher Shackelton acquired a total of 1,287,163 shares an average price of $12.35. To acquire these shares, it cost around $15.9 million
• What’s Happening: Lazydays Holdings reported weaker-than-expected Q4 earnings.
• What Lazydays Holdings Does: Lazydays Holdings Inc operates recreational vehicle dealerships. It provides various products, including RV sales, RV services, financing and insurance products, RV parts and accessories, RV rentals, third-party protection plans, and RV camping for RV owners.

Darling Ingredients

• The Trade: Darling Ingredients Inc. DAR Director Larry Barden acquired a total of 5,000 shares at an average price of $64.49. To acquire these shares, it cost around $322.45 thousand.
• What’s Happening: Darling Ingredients reported mixed Q4 results.
• What Darling Ingredients Does: Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries.

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Heartland Express

• The Trade: Heartland Express, Inc. HTLD Director Brenda S Neville bought a total of 1,500 shares at an average price of $15.10. To acquire these shares, it cost around $22.65 thousand.
• What’s Happening: Heartland Express posted downbeat quarterly earnings.
• What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.

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