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 HCI Group (NYSE:HCI), a filing with the SEC revealed that on Friday, Director Gregory Politis bought 4,000 shares of HCI, at a cost of $40.91 each, for a total investment of $163,620. HCI Group is trading down about 1.3% on the day Wednesday.
And at MVC Capital (NYSE:MVC), there was insider buying on Friday, by Chairman Michael T. Tokarz who purchased 2,100 shares at a cost of $9.20 each, for a total investment of $19,320. Before this latest buy, Tokarz made one other buy in the past year, purchasing $46,800 shares for a cost of $9.36 a piece. MVC Capital is trading off about 0.9% on the day Wednesday.
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