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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Providence Service Corp (PRSC)'s SVP, General Counsel, Michael-bryant Hicks, made a $28,938 purchase of PRSC, buying 689 shares at a cost of $42.00 each. So far Hicks is in the green, up about 3.2% on their buy based on today's trading high of $43.35. Providence Service Corp is trading up about 0.3% on the day Monday. This buy marks the first one filed by Hicks in the past twelve months.
And at Kingsway Financial Services (NYSE:KFS), there was insider buying on Wednesday, by Director Gary Schaevitz who purchased 5,000 shares at a cost of $5.22 each, for a trade totaling $26,125. Before this latest buy, Schaevitz made one other purchase in the past twelve months, buying $24,885 shares at a cost of $4.44 a piece. Kingsway Financial Services is trading up about 1.4% on the day Monday. Bargain hunters are able to grab KFS even cheaper than Schaevitz did, with shares trading as low as $5.00 in trading on Monday -- that's 4.3% under Schaevitz's purchase price.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.