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 one noteworthy recent insider buy.
On Friday, Director Peter H. Kamin purchased $2.90M worth of Tile Shop Holdings (NASDAQ:TTS), purchasing 290,187 shares at a cost of $10.00 a piece. Before this latest buy, Kamin bought TTS at 2 other times during the past twelve months, for a total investment of $2.61M at an average of $14.40 per share. Tile Shop Holdings is trading down about 2.3% on the day Wednesday. So far Kamin is in the green, up about 7.6% on their buy based on today's trading high of $10.77.
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