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 two noteworthy recent insider buys.
At Standard Parking (STAN), a filing with the SEC revealed that on Tuesday, Director Robert S. Roath purchased 20,000 shares of STAN, at an average cost of $21.08 each, for a total investment of $421,541. Roath was up about 4.5% on the purchase at the high point of today's trading session, with STAN trading as high as $22.03 at last check today. Before this latest buy, Roath made one other purchase in the past year, buying $745,960 shares for a cost of $21.94 each.
And on Friday, Director David J. Decarlo purchased $101,933 worth of Carriage Services (CSV), purchasing 5,850 shares at a cost of $17.42 each. Before this latest buy, Decarlo purchased CSV on 7 other occasions during the past twelve months, for a total investment of $217,763 at an average of $10.89 per share. Carriage Services is trading off about 1.8% on the day Wednesday.
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