Insider Buying: Two CEOs Make Million-Dollar Purchases. Should You Be Buying Too? (Forbes)
Two CEOs have made million-dollar buys of their company’s stock in February and March. At Continental Resources (CLR), CEO William Berry spent $1.6 million to increase his holding by 90,000 shares. He now owns 931,301 shares, worth about $13.8 million at Friday’s prices. Berry has been Continental’s CEO only since the beginning of this year. He spent three decades at Conoco Phillips and Phillips Petroleum Co. He joined Continental’s board of directors in 2014. Harold Hamm, the company’s founder, yielded the CEO title but remains executive chairman and owns 77% of the company’s shares. Hamm is famous as a billionaire (he paid a billion dollars in his divorce), and rags-to-riches story. He was the youngest of 13 children born to parents who were sharecroppers.
Monday 3/9 Insider Buying Report: TRIP, SNR (Nasdaq.com)
At Tripadvisor, a filing with the SEC revealed that on Thursday, CEO Stephen Kaufer purchased 44,444 shares of TRIP, for a cost of $21.73 each, for a total investment of $965,768. Investors have the opportunity to snag TRIP even cheaper than Kaufer did, with the stock changing hands as low as $20.21 in trading on Monday which is 7.0% below Kaufer’s purchase price. Tripadvisor is trading off about 4% on the day Monday. And also on Thursday, Director Robert F. Savage Jr. bought $636,032 worth of New Senior Investment Group, buying 100,000 shares at a cost of $6.36 a piece. This purchase marks the first one filed by Savage Jr. in the past year. New Senior Investment Group is trading off about 10.6% on the day Monday. Bargain hunters can grab SNR at a price even lower than Savage Jr. did, with the stock changing hands as low as $5.53 at last check today which is 13.1% below Savage Jr.’s purchase price.
A Director at 1St Source (NASDAQ: SRCE) is Buying Shares (Analyst Ratings)
Today, a Director at 1St Source (SRCE), Daniel B. Fitzpatrick, bought shares of SRCE for $20.45K. Following this transaction Daniel B. Fitzpatrick’s holding in the company was increased by 1.43% to a total of $1.42 million. Based on 1St Source’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $94.82 million and quarterly net profit of $21.82 million.
Notable Insider Buys Last Week: Newell Brands, PNC Financial And More (Benzinga)
Here are a few of significant insider purchases reported last week as volatility ruled the markets. American Homes 4 Rent: Two American Homes 4 Rent (AMH) 4.33% directors took advantage of recent volatility in the shares. They picked up more than 2.15 million shares of this real estate investment trust altogether last week at $27.49 to $29 per share via trust. The purchase totaled more than $60.91 million. The chief financial officer sold 30,000 shares last week as well. Newell Brands: A director and an executive at Newell Brands Inc (NWL) 5.26% purchased about 323,400 shares of this consumer and commercial products maker via trust last week. At $15.01 to $16.60 per share, the purchase totaled more than $5.16 million. The director is the son of billionaire investor Carl Icahn, and his stake is nearly 729,000 shares.
Insider Weekends: Father-Daughter Team At American Homes 4 Rent Buy Again (Seeking Alpha)
Insider buying increased last week. Notable Insider Buys: American Homes 4 Rent, Energy Transfer LP, Kinder Morgan Inc., Newell Brands Inc., Planet Fitness Inc. Notable Insider Sells: SBA Communications Corporation, Microsoft Corporation, Apollo Global Management Inc., Tellurian Inc., BlackLine Inc. The Coronavirus has reached our shores and appears to be spreading across multiple states leading to several large companies, including Apple (APPL), Twitter (TWTR) and Palantir, asking their corporate employees or employees at West Coast offices to work from home.
Matador Resources Co (MTDR) Chairman and CEO Joseph Wm Foran Bought $152,320 of Shares (Guru Focus)
Chairman and CEO of Matador Resources Co., Joseph Wm Foran, bought 17,000 shares of MTDR on 03/05/2020 at an average price of $8.96 a share. The total cost of this purchase was $152,320. Matador Resources Co is an independent energy company, engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Matador Resources Co has a market cap of $763.529 million; its shares were traded at around $6.55 with a P/E ratio of 8.85 and P/S ratio of 0.79. GuruFocus has detected 1 severe warning sign with Matador Resources Co.
