Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At NGL Energy Partners LP (NYSE:NGL), a filing with the SEC revealed that on Tuesday, CFO H. Michael Krimbill bought 50,000 shares of NGL, for a cost of $23.27 each, for a total investment of $1.16M. NGL Energy Partners LP is trading up about 2.3% on the day Wednesday.
And at CYS Investments, Inc. (NYSE:CYS), there was insider buying on Tuesday, by Director Jeffrey Hughes who bought 10,000 shares for a cost of $12.65 each, for a trade totaling $126,500. CYS Investments, Inc. is trading up about 0.8% on the day Wednesday.
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