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, Buffalo Wild Wings (NASDAQ:BWLD)'s Director, Capital Management LP Marcato, made a $998,363 purchase of BWLD, buying 9,100 shares at a cost of $109.71 a piece. Marcato was up about 4.6% on the buy at the high point of today's trading session, with BWLD trading as high as $114.80 in trading on Thursday. Buffalo Wild Wings is trading up about 0.6% on the day Thursday. This purchase marks the first one filed by Marcato in the past twelve months.
And on Monday, Director Charles Clifton Robinson bought $499,320 worth of Hilltop Holdings (NYSE:HTH), buying 20,000 shares at a cost of $24.97 a piece. This purchase marks the first one filed by Robinson in the past twelve months. Hilltop Holdings is trading up about 0.4% on the day Thursday. Robinson was up about 5.3% on the purchase at the high point of today's trading session, with HTH trading as high as $26.29 in trading on Thursday.
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