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 Lonestar Resources US (NASDAQ:LONE), a filing with the SEC revealed that on Thursday, COO Barry Schneider bought 15,000 shares of LONE, for a cost of $4.60 each, for a total investment of $69,000. Lonestar Resources US is trading off about 0.7% on the day Friday. Before this latest buy, Schneider made one other buy in the past year, purchasing $20,736 shares at a cost of $2.88 a piece.
And also on Thursday, CEO Richard Lampen bought $15,982 worth of Ladenburg Thalmann Financial Services (AMEX:LTS), buying 5,000 shares at a cost of $3.20 each. Before this latest buy, Lampen purchased LTS on 5 other occasions during the past year, for a total cost of $140,044 at an average of $3.11 per share. Ladenburg Thalmann Financial Services is trading up about 0.3% on the day Friday. So far Lampen is in the green, up about 2.9% on their purchase based on today's trading high of $3.29.
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