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 Friday, James D. Dondero bought 214,878 shares of NHF, at a cost of $7.18 each, for a total investment of $1.54M. So far Dondero is in the green, up about 1.7% on their buy based on today's trading high of $7.30. Nexpoint Credit Strategies Fund is trading up about 0.4% on the day Tuesday. Before this latest buy, Dondero bought NHF at 5 other times during the past twelve months, for a total investment of $6.33M at an average of $6.68 per share.
And on Monday, Director Matthew Dominski purchased $140,490 worth of First Industrial Realty Trust, Inc. (FR), purchasing 9,000 shares at a cost of $15.61 each. First Industrial Realty Trust, Inc. is trading up about 1.4% on the day Tuesday. So far Dominski is in the green, up about 1.2% on their purchase based on today's trading high of $15.79.
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