Tracking insider trades gives an edge to investors like no other. Analysts can have views regarding a stock, but insiders put their money in a stock only when they have conviction. That’s why tracking insider trading activity is a continuous endeavor for us. Three stocks which have recently seen insider buying are Ferrellgas Partners, L.P. (NYSE:FGP), Opko Health Inc. (NYSE:OPK), and AGCO Corporation (NYSE:AGCO).
Ferrellgas Partners, L.P. (NYSE:FGP) is a $2.25 billion market cap propane gas supplying company. On October 1 and 2, Ferrellgas Partners, L.P. (NYSE:FGP)’s EVP & COO, Boyd H Mcgathey, bought 2,000 shares in two equal tranches at prices of $26.53 and $27.06 per share, respectively. Accounting for these 2,000 shares, Mcgathey now owns a total of 16,000 shares of Ferrellgas Partners, L.P. (NYSE:FGP). Apart from Mcgathey, Ferrellgas Partners, L.P. (NYSE:FGP)’s CEO & President, Stephen L Wambold and CFO, James R Vanwinkle, also purchased 2,000 shares each of the company on October 1 at a price of $26.62 and $26.56 per share, respectively. Including this purchase, Wambold and Vanwinkle now own 86,060 and 52,000 shares of Ferrellgas Partners, L.P. (NYSE:FGP), respectively. Based on the last fiscal year results, Ferrellgas Partners, L.P. (NYSE:FGP) has an EPS of $0.43 and currently trades at 63.11 times price versus earnings. Its corporate operations are based in Kansas City suburbs of Overland Park, Missouri and Liberty. The company has a presence in all 50 states of US through its network of about 800 retail locations. Ken Griffin’s Citadel Investment Group is a major investor in the company, which as of June 30, 2014, owns 12,256 shares of Ferrellgas Partners, L.P. (NYSE:FGP).
Opko Health Inc. (NYSE:OPK) is a $3.65 billion market cap medication and medical testing company. On October 2, Opko Health Inc. (NYSE:OPK)’s CEO & Chairman, M.D. Phillip Frost directly and through Trust Investments Gamma Frost bought 35,000 shares of the company in several tranches in the prince range of $8.25-$8.36 per share. Including this purchase, Frost directly and through Trust Investments Gamma Frost now owns a total of 143,332,308 shares of Opko Health Inc. (NYSE:OPK). The company currently operates in Israel, Spain, Uruguay, Chile, US and Mexico. The company acquired Laboratorio Arama de Uruguay recently and is seeking to expand its presence in Argentina and Uruguay. Based on last fiscal year results, Opko Health Inc. (NYSE:OPK) has a negative EPS of $0.38 and 19% of it is owned by institutional investors. Hedge fund legend George Soros is also bullish on this company, his firm, Soros Fund Management, owns 235,600 shares of Opko Health Inc. (NYSE:OPK) as of June 30, 2014.
AGCO Corporation (NYSE:AGCO) is a $4.30 billion market cap agriculture equipment manufacturing company. Between September 26 and October 1, Mallika Srinivasan, a director at AGCO Corporation (NYSE:AGCO), through Tractors and Farm Equipment Limited (“TAFE”) and TAFE Motors and Tractors Limited (“TMTL”) bought 1,273,126 shares of the company in a price range of $45.44 – $46.49 per share. With this purchase, Srinivasan now owns 6,570,076 shares of AGCO Corporation (NYSE:AGCO). The company distributes its products, which include tractors, hay tools, sprayers and others, in over 140 countries across the globe through its network of 3,100 independent dealers. Based on last fiscal year results, AGCO Corporation (NYSE:AGCO) has an EPS of $5.47 and currently trades at 8.48 times price versus earnings. Ken Griffin’s Citadel Investment Group is also a major investor in AGCO Corporation (NYSE:AGCO), as of June 30, 2014, the firm owns 567,141 shares of the company.
Disclosure: None
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