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 cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buys.
On Thursday, Director Tad M. Ballantyne bought $132,580 worth of Life Partners Holdings Incorporated (NASDAQ:LPHI), buying 33,708 shares at a cost of $3.93 a piece. Before this latest buy, Ballantyne purchased LPHI at 7 other times during the past year, for a total cost of $491,548 at an average of $2.72 per share. Life Partners Holdings Incorporated is trading trading flat on the day Friday.
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