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 Friday, Bank of the Ozarks, Inc. (NASDAQ:OZRK)'s Director, Richard L. Cisne, made a $351,473 buy of OZRK, purchasing 11,000 shares at a cost of $31.95 each. Bank of the Ozarks, Inc. is trading up about 1.1% on the day Monday. Before this latest buy, Cisne bought OZRK on 2 other occasions during the past year, for a total investment of $57,634 at an average of $28.82 per share.
And at Quality Distribution Inc (QLTY), there was insider buying on Wednesday, by Director Thomas M. White who purchased 20,000 shares at a cost of $6.17 each, for a total investment of $123,484. Before this latest buy, White made one other buy in the past year, purchasing $142,244 shares for a cost of $9.48 each. Quality Distribution Inc is trading trading flat on the day Monday. So far White is in the green, up about 9.3% on their purchase based on today's trading high of $6.75.
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