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Thursday 6/20 Insider Buying Report: CODI, HOFT
Thursday, June 20, 10:38 AM ET

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.

At Compass Diversified Holdings, a filing with the SEC revealed that on Wednesday, Elias Sabo purchased 55,000 shares of CODI, at a cost of $18.99 each, for a total investment of $1.04M. Compass Diversified Holdings is trading up about 1.3% on the day Thursday. Before this latest buy, Sabo bought CODI on 2 other occasions during the past twelve months, for a total investment of $1.12M at an average of $14.97 per share.

And on Monday, Chief Executive Officer Paul B. Toms Jr. purchased $100,150 worth of Hooker Furniture, purchasing 5,000 shares at a cost of $20.03 each. Before this latest buy, Toms Jr. bought HOFT on 2 other occasions during the past year, for a total cost of $56,948 at an average of $28.47 per share. Hooker Furniture is trading down about 1% on the day Thursday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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