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, Limoneira's Director, Jose De Jesus Loza, made a $225,200 buy of LMNR, purchasing 15,000 shares at a cost of $15.01 a piece. Limoneira is trading down about 1.1% on the day Monday. Before this latest buy, Loza purchased LMNR on 6 other occasions during the past twelve months, for a total cost of $1.20M at an average of $16.94 per share.

And at Enterprise Products Partners, there was insider buying on Wednesday, by Director John R. Rutherford who bought 10,000 shares for a cost of $22.24 each, for a trade totaling $222,377. Before this latest buy, Rutherford bought EPD on 3 other occasions during the past twelve months, for a total cost of $435,195 at an average of $21.76 per share. Enterprise Products Partners is trading down about 3.3% on the day Monday. Investors are able to grab EPD even cheaper than Rutherford did, with shares changing hands as low as $21.26 at last check today -- that's 4.4% below Rutherford's purchase price.

For MarketNewsVideo.com, I'm Sayoko Murase.