Over $2M Bet On Calavo Growers? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed mixed on Friday, 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.

Calavo Growers

• The Trade: Calavo Growers, Inc. CVGW CEO Lecil E Cole acquired a total of 75,000 shares an average price of $30.34. To acquire these shares, it cost around $2.28 million.
• What’s Happening: Calavo Growers company reported worse-than-expected second-quarter financial results and issued guidance.
• What Calavo Growers Does: Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food.

Ault Alliance

• The Trade: Ault Alliance, Inc. AULT Executive Chairman Milton C. Ault III acquired a total of 9,510 shares at an average price of $15.49. To acquire these shares, it cost around $147,345.
• What’s Happening: Ault Alliance said it anticipates $200 million in annual revenue for 2023.
• What Ault Alliance Does: Ault Alliance Inc is a diversified holding company. It operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles.

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Landmark Bancorp

• The Trade: Landmark Bancorp, Inc. LARK Director Jim Lewis bought a total of 2,723 shares at an average price of $21.54. To acquire these shares, it cost around $58,662. The company’s other Director also bought 1,566 shares of the company.
• What’s Happening: Landmark Bancorp reported an increase in first-quarter EPS.
• What Landmark Bancorp Does: Landmark Bancorp Inc is the bank holding company for Landmark National Bank, which is dedicated to providing quality financial and banking services.
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