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 Partners Bancorp, a filing with the SEC revealed that on Friday, Director Michael W. Clarke purchased 5,423 shares of PTRS, for a cost of $6.75 each, for a total investment of $36,605. Clarke was up about 4.6% on the buy at the high point of today's trading session, with PTRS trading as high as $7.06 at last check today. Partners Bancorp is trading down about 0.6% on the day Wednesday. Before this latest buy, Clarke made one other buy in the past year, purchasing $122 shares at a cost of $6.75 a piece.
And at Tortoise Essential Assets Income Fund, there was insider buying on Friday, by Gary Paul Henson who purchased 1,200 shares at a cost of $13.93 each, for a trade totaling $16,716. This purchase marks the first one filed by Henson in the past year. Tortoise Essential Assets Income Fund is trading off about 0.3% on the day Wednesday. Henson was up about 1.9% on the purchase at the high point of today's trading session, with TEAF trading as high as $14.19 in trading on Wednesday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.