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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Tuesday, Campbell Soup (NYSE:CPB)'s Senior Vice President, Luca Mignini, made a $200,037 purchase of CPB, buying 5,494 shares at a cost of $36.41 a piece. Mignini was up about 2.1% on the purchase at the high point of today's trading session, with CPB trading as high as $37.18 at last check today. Campbell Soup is trading up about 0.6% on the day Wednesday. Before this latest buy, Mignini made one other purchase in the past year, buying $200,351 shares at a cost of $45.53 each.
And at Landmark Infrastructure Partners LP (LMRK), there was insider buying on Friday, by SEE REMARKS Arthur P. Brazy Jr. who bought 8,100 shares for a cost of $13.79 each, for a total investment of $111,699. Before this latest buy, Brazy Jr. bought LMRK at 7 other times during the past twelve months, for a total cost of $520,974 at an average of $14.45 per share. Landmark Infrastructure Partners LP is trading off about 1.7% on the day Wednesday. So far Brazy Jr. is in the green, up about 3.1% on their buy based on today's trading high of $14.22.
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