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 Thursday, Neuberger Berman High Yield Strategies Fund (AMEX:NHS)'s , Thomas P. O'Reilly, made a $131,101 buy of NHS, purchasing 10,000 shares at a cost of $13.11 each. Thus far Oreilly is down about 0.6% on the purchase, with shares changing hands as low as $13.03 at last check today. Before this latest buy, Oreilly bought NHS on 3 other occasions during the past twelve months, for a total cost of $278,132 at an average of $13.17 per share.
And also on Thursday, Director John G. Seale purchased $36,175 worth of MainSource Financial Group (NASDAQ:MSFG), purchasing 2,500 shares at a cost of $14.47 a piece. Seale was up about 1.7% on the buy at the high point of today's trading session, with MSFG trading as high as $14.72 in trading on Monday.
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