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 Wednesday, SB One Bancorp (SBBX)'s Director, Edward J. Leppert, made a $132,500 purchase of SBBX, buying 5,000 shares at a cost of $26.50 a piece. Leppert was up about 2.1% on the buy at the high point of today's trading session, with SBBX trading as high as $27.05 in trading on Monday. SB One Bancorp is trading up about 0.6% on the day Monday.
And on Friday, CEO Richard Lampen purchased $126,430 worth of Ladenburg Thalmann Financial Services (LTS), purchasing 50,000 shares at a cost of $2.53 each. Before this latest buy, Lampen purchased LTS on 12 other occasions during the past year, for a total cost of $282,258 at an average of $3.32 per share. Ladenburg Thalmann Financial Services is trading up about 8.7% on the day Monday.
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