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, Zais Group Holdings (ZAIS)'s Chief Investmt Officer, Christian Zugel, made a $26.00M purchase of ZAIS, buying 6,662,498 shares at a cost of $3.90 a piece. Bargain hunters have the opportunity to snag ZAIS even cheaper than Zugel did, with shares trading as low as $3.20 at last check today which is 18.0% below Zugel's purchase price. Zais Group Holdings is trading up about 4.6% on the day Friday.
And at Brinker International (NYSE:EAT), there was insider buying on Wednesday, by Director Michael A. George who bought 16,450 shares for a cost of $30.31 each, for a trade totaling $498,600. Brinker International is trading up about 2.4% on the day Friday.
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