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 Dorchester Minerals (NASDAQ:DMLP), a filing with the SEC revealed that on Wednesday, Minerals Operating LP Dorchester bought 14,200 shares of DMLP, for a cost of $16.57 each, for a total investment of $235,265. Investors have the opportunity to buy DMLP at a price even lower than Dorchester did, with shares changing hands as low as $15.80 in trading on Monday which is 4.6% below Dorchester's purchase price. Dorchester Minerals LP is trading down about 0.6% on the day Monday. Before this latest buy, Dorchester made one other purchase in the past year, buying $273,671 shares for a cost of $14.48 each.
And on Friday, CEO & President David T. Provost purchased $196,319 worth of Chemical Financial Corp (NASDAQ:CHFC), purchasing 3,356 shares at a cost of $58.50 each. Chemical Financial Corp is trading down about 0.1% on the day Monday.
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