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 Nexpoint Credit Strategies Fund (NHF), a filing with the SEC revealed that on Friday, James D. Dondero bought 123,269 shares of NHF, at a cost of $11.14 each, for a total investment of $1.37M. Investors are able to buy NHF at a price even lower than Dondero did, with shares trading as low as $10.72 at last check today which is 3.8% under Dondero's purchase price. Nexpoint Credit Strategies Fund is trading up about 1.2% on the day Wednesday. Before this latest buy, Dondero purchased NHF at 11 other times during the past year, for a total cost of $14.34M at an average of $10.38 per share.
And at Fuel Tech (NASDAQ:FTEK), there was insider buying on Monday, by President, CEO & Chairman Douglas G. Bailey who bought 34,000 shares for a cost of $4.23 each, for a trade totaling $143,752. Fuel Tech is trading down about 3.5% on the day Wednesday. So far Bailey is in the green, up about 4.8% on their purchase based on today's trading high of $4.43.
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