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 Bridge Bancorp (BDGE), a filing with the SEC revealed that on Thursday, Director Raymond A. Nielsen purchased 8,493 shares of BDGE, for a cost of $26.47 each, for a total investment of $224,798. Bridge Bancorp is trading off about 0.3% on the day Monday. Before this latest buy, Nielsen made one other purchase in the past year, buying $26,443 shares for a cost of $23.51 each.
And at LRR Energy, L.P. (NASDAQ:LRE), there was insider buying on Wednesday, by Co-CEO & Chairman of the Board Eric D. Mullins who bought 25,000 shares for a cost of $8.08 each, for a trade totaling $202,042. Before this latest buy, Mullins made one other purchase in the past year, buying $391,495 shares at a cost of $14.50 each. LRR Energy, L.P. is trading up about 0.1% on the day Monday. Investors can grab LRE even cheaper than Mullins did, with shares changing hands as low as $7.49 at last check today which is 7.3% under Mullins's purchase price.
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