As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Thursday, BGC Partners (NASDAQ:BGCP)'s Director, Albert M. Weis, made a $57,945 purchase of BGCP, buying 10,000 shares at a cost of $5.79 each. Weis was up about 4.2% on the purchase at the high point of today's trading session, with BGCP trading as high as $6.04 in trading on Monday. BGC Partners Class A is trading up about 2.9% on the day Monday. Before this latest buy, Weis purchased BGCP at 3 other times during the past year, for a total cost of $124,971 at an average of $6.25 per share.
And at Natural Resources Partners L.P. (NYSE:NRP), there was insider buying on Wednesday, by COO Nick Carter who purchased 2,000 shares at a cost of $21.70 each, for a trade totaling $43,399. Before this latest buy, Carter bought NRP on 2 other occasions during the past year, for a total investment of $125,076 at an average of $25.02 per share. Natural Resources Partners L.P. is trading up about 1% on the day Monday. Carter was up about 3.5% on the buy at the high point of today's trading session, with NRP trading as high as $22.46 in trading on Monday.
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