Insider Selling at GrubHub Inc. (GRUB) Following Share Price Drop, Cluster of Insider Buying at Malvern Bancorp Inc. (MLVF), Plus More Insider Trading

Cluster of Insider Buying Observed at Malvern Bancorp

Three different insiders at Malvern Bancorp Inc. (NASDAQ:MLVF) purchased shares last week. To start with, Howard A. Kent, the Chairman of the Board of Malvern Bancorp, reported the purchase of 21,719 shares at a price of $17.45 each, of which 1,719 shares are owned by his spouse. Following the recent purchase that occurred on Friday, Mr. Kent currently holds a direct ownership stake of 48,430 shares. Therese H. Woodman, the Vice Chair of the Board at Malvern, snatched up 2,900 shares on Friday at a cost of $17.50 per share, lifting her overall holding to 9,596 shares. Last but certainly not least, President and CEO Anthony C. Weagley bought 7,500 shares on Friday for $17.47 each, 1,000 shares of which are held in his individual retirement account that held 28,595 shares before the purchase. Mr. Weagley also holds a direct ownership stake of 7,611 shares.

Malvern Bancorp Inc. (NASDAQ:MLVF) operates as the parent company of Malvern Federal Savings Bank, which operates through its eight full service financial center offices in Chester and Delaware Counties, Pennsylvania and a private banking loan production headquarters office in Morristown, New Jersey. The cluster of insider buying comes shortly after the company released its financial results for the fourth fiscal quarter that ended September 30. Malvern’s net income for the quarter amounted to $7.7 million, an increase of $6.6 million year-over-year. Nonetheless, the massive increase in the company’s bottom line mainly reflected a $7.8 million-reversed allowance related to net deferred tax assets, which contributed to a net tax benefit of $6.0 million for the quarter. Malvern’s shares are up 1% year-to-date, mainly owing to a gain of 12% enjoyed in the past six months. EJF Capital LLC, managed by Emanuel J. Friedman, was the owner of 549,187 shares of Malvern Bancorp Inc. (NASDAQ:MLVF) at the end of June.

Board Member of U.S. Data Management Company Buys Some Shares

A newly-appointed member of Equifax Inc. (NYSE:EFX)’s boardroom snapped up some shares this past week. G. Thomas Hough, who joined the company’s Board of Directors in early October, purchased 2,000 shares on Friday at prices that fell between $123.52 and $124.37 per share. Following the recent acquisition, Mr. Hough currently owns an aggregate of 3,307 shares.

In late February, U.S. data management company Equifax Inc. (NYSE:EFX) completed the acquisition of Veda Group Limited, a leading provider of credit information and analysis in Australia and New Zealand. The $1.7 billion-acquisition, the biggest-ever acquisition in Australia, marked another step in Equifax’s strategy to “expand into attractive new markets.” The U.S. provider of information solutions, employment and income verifications and human resources business process outsourcing services has seen the value of its shares advance by 11% since the start of the year. Navallier & Associates, founded by Louis G. Navallier, reported ownership of 66,173 shares in Equifax Inc. (NYSE:EFX) via its 13F filings for the September quarter.

The final page of this article will discuss fresh insider selling registered at two other companies.