This article presents an overview of 5 Undervalued Stocks with Latest Insider Purchases. For a detailed overview of such stocks read our article, 10 Undervalued Stocks with Latest Insider Purchases.
5. Five Star Bancorp. (NASDAQ:FSBC)
Number of Hedge Fund Investors: 6
Five Star Bancorp. (NASDAQ:FSBC) ranks fifth in our list of the undervalued stocks insiders are piling into. Larry Eugene Allbaugh, a board member at Five Star Bancorp. (NASDAQ:FSBC), on March 28 bought 137,931 shares of Five Star Bancorp. (NASDAQ:FSBC) at $21.75 per share. Since then the stock is down 4.4%. Another director at Five Star Bancorp. (NASDAQ:FSBC), Robert Truxtun Perry-Smith, amassed 80,460 shares of Five Star Bancorp. (NASDAQ:FSBC) at $21.75 per share on March 28. The stock’s PE ratio stands at 7.7.
4. Cion Investment Corp. (NYSE:CION)
Number of Hedge Fund Investors: 13
Five Star Bancorp. (NASDAQ:FSBC) ranks fourth in our list of the undervalued stocks with latest insider purchases. Stephen Roman, Five Star Bancorp.’s (NASDAQ:FSBC) Chief Compliance Officer and Counsel, on April 1 bought 450 shares of Five Star Bancorp. (NASDAQ:FSBC) at $11.05 per share. Gregg Bresner, who is Five Star Bancorp.’s (NASDAQ:FSBC) CIO and President, also bought 4,000 shares of Five Star Bancorp. (NASDAQ:FSBC) on March 20 at $10.78 per share. Since then the stock is up 5.4%.
3. Avangrid Inc (NYSE:AGR)
Number of Hedge Fund Investors: 18
Avangrid Inc (NYSE:AGR) ranks third in our list of the undervalued stocks with latest insider buying. Alan D. Solomont, a board member, bought 138 shares of Avangrid Inc (NYSE:AGR) at $36.52 per share on April 1. Since then the stock price inched up about 1%.
2. Simon Property Group Inc (NYSE:SPG)
Number of Hedge Fund Investors: 27
Simon Property Group Inc (NYSE:SPG) has seen insider buying from several of its board directors recently. In a latest transaction, dated April 1, director Reuben Leibowitz bought 438 shares of Simon Property Group Inc (NYSE:SPG) at $154.19 per share. Over the past one month the stock is down 6%.
Here is what Baron FinTech Fund has to say about S&P Global Inc. (NYSE:SPGI) in its Q3 2023 investor letter:
“Shares of rating agency and data provider S&P Global Inc. gave back some gains from earlier this year due to investor concerns that rising interest rates will weigh on future debt issuance and asset-based fees. Management also removed its 2026 revenue target for the ESG segment due to a more uncertain regulatory landscape and political climate. On a positive note, S&P Global reported strong second quarter financial results, with 7% adjusted revenue growth and 11% EPS growth as ratings issuance returned to growth for the first time in six quarters. Management maintained fullyear guidance as a more favorable outlook for the Ratings and Indices segments offset slower growth in the Market Intelligence segment. We continue to own the stock due to the company’s long runway for growth and significant competitive advantages.”
1. Herbalife Ltd (NYSE:HLF)
Number of Hedge Fund Investors: 35
Dietary supplements company Herbalife Ltd’s (NYSE:HLF) PE ratio stands at 5.88 as of April 3. The stock has lost about 47% in value over the past one year, which might explain this low PE ratio. However, Herbalife Ltd (NYSE:HLF) is seeing insider buying activity. Juan Miguel Mendoza, a director at Herbalife Ltd’s (NYSE:HLF) board, on March 26 bought 16,079 shares of Herbalife Ltd (NYSE:HLF) at $9.40. Since then the stock has declined by about 3%. Another director of Herbalife Ltd (NYSE:HLF), Rodica Macadrai also snapped up 5,332 shares of Herbalife Ltd (NYSE:HLF) on March 26 at $9.40 per share. Henry Wang, Exec VP/Secy/General Counsel at Herbalife Ltd., also piled into 2,778 company shares at $9.30 per share. On February 16, Herbalife Ltd’s (NYSE:HLF) CEO Michael Johnson $500,000 worth of company shares.
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