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 Thor Industries (NYSE:THO), a filing with the SEC revealed that on Tuesday, Chief Exec. and Pres. Robert W. Martin bought 10,000 shares of THO, for a cost of $58.82 each, for a total investment of $588,200. Martin was up about 7.8% on the purchase at the high point of today's trading session, with THO trading as high as $63.41 at last check today. Thor Industries is trading up about 4.2% on the day Thursday. This purchase marks the first one filed by Martin in the past twelve months.
And at Dorchester Minerals LP (NASDAQ:DMLP), there was insider buying on Monday, by Minerals Operating LP Dorchester who bought 3,000 shares for a cost of $17.87 each, for a trade totaling $53,624. Before this latest buy, Dorchester purchased DMLP on 5 other occasions during the past year, for a total investment of $597,262 at an average of $18.33 per share. Dorchester Minerals LP is trading up about 0.9% on the day Thursday. Dorchester was up about 3.4% on the purchase at the high point of today's trading session, with DMLP trading as high as $18.49 in trading on Thursday.
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