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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Tuesday, BSQUARE's Director, William D. Savoy, made a $400,000 buy of BSQR, purchasing 80,000 shares at a cost of $5.00 a piece. So far Savoy is in the green, up about 10.0% on their purchase based on today's trading high of $5.50. BSQUARE is trading up about 2.3% on the day Friday.
And on Monday, Director James M. Collingsworth bought $350,478 worth of NGL Energy Partners, buying 20,000 shares at a cost of $17.52 a piece. Before this latest buy, Collingsworth purchased NGL at 3 other times during the past twelve months, for a total cost of $231,431 at an average of $9.35 per share. NGL Energy Partners is trading up about 0.6% on the day Friday. Collingsworth was up about 4.4% on the purchase at the high point of today's trading session, with NGL trading as high as $18.30 at last check today.
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