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 Friday, Restoration Hardware Holdings (NYSE:RH)'s Director, Kathleen C. Mitic, made a $260,400 buy of RH, purchasing 2,800 shares at a cost of $93.00 each. Restoration Hardware Holdings is trading up about 0.5% on the day Tuesday. This buy marks the first one filed by Mitic in the past year.
And on Monday, Director Saul Gilinski bought $188,700 worth of Ladenburg Thalmann Financial Services (AMEX:LTS), buying 60,000 shares at a cost of $3.15 a piece. Before this latest buy, Gilinski bought LTS at 9 other times during the past twelve months, for a total cost of $298,376 at an average of $2.94 per share. Ladenburg Thalmann Financial Services is trading up about 2.3% on the day Tuesday. Gilinski was up about 2.7% on the purchase at the high point of today's trading session, with LTS trading as high as $3.23 at last check today.
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