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.
At OSI Systems, a filing with the SEC revealed that on Tuesday, Director Meyer bought 20,000 shares of OSIS, at a cost of $56.78 each, for a total investment of $1.14M. Meyer was up about 6.8% on the buy at the high point of today's trading session, with OSIS trading as high as $60.65 in trading on Friday. OSI Systems is trading up about 4% on the day Friday.
And on Thursday, CEO Douglas A. Pertz bought $729,100 worth of Brinks, buying 10,000 shares at a cost of $72.91 a piece. Before this latest buy, Pertz bought BCO at 7 other times during the past twelve months, for a total investment of $3.89M at an average of $56.54 per share. Brinks is trading up about 2.6% on the day Friday. So far Pertz is in the green, up about 5.2% on their buy based on today's trading high of $76.70.
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