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.
At Nexpoint Credit Strategies Fund (NHF), a filing with the SEC revealed that on Thursday, James D. Dondero purchased 307,206 shares of NHF, for a cost of $6.57 each, for a total investment of $2.02M. Investors are able to grab NHF even cheaper than Dondero did, with the stock trading as low as $6.37 in trading on Monday -- that's 3.0% below Dondero's purchase price. Nexpoint Credit Strategies Fund is trading up about 1.3% on the day Monday. Before this latest buy, Dondero purchased NHF at 2 other times during the past year, for a total investment of $2.02M at an average of $6.80 per share.
And at Herbalife Ltd. (NYSE:HLF), there was insider buying on Friday, by Chief Operating Officer Richard Goudis who purchased 22,200 shares at a cost of $44.99 each, for a trade totaling $998,778. Before this latest buy, Goudis made one other buy in the past twelve months, purchasing $99,696 shares for a cost of $46.37 a piece. Herbalife Ltd. is trading up about 2.1% on the day Monday. Goudis was up about 2.2% on the buy at the high point of today's trading session, with HLF trading as high as $45.96 in trading on Monday.
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