Gates Industrial Corp (GTES US, +1, 04-Mar-24) The CEO, CB, and two directors bought a total of $13.7m of stock during February. $12.9m of the purchases were bought as part of a placing of 24m shares by Blackstone at $12.20 on the 16th of February. Blackstone continues to hold 72m shares, 27% of the company, after […]

Goosehead Insurance Inc (GSHD US, +1, 28-Feb-24) Mark Miller (currently Chief Operating Officer, incoming Chief Executive Officer from July 2024, joined 2018) bought US$ 370,000 worth of stock on February 26th at $73.86, increasing his holding by 33%. His record as a buyer has been good and all his buys in this stock proved to be timely. We previously […]

GoPro Inc (GPRO US, -1, 21-Feb-24) Three officers sold in total US$ 378,000 worth of stock on February 16th at an average price of $2.40, all under 10b5-1 plans. Those plans were all set up or revised in 2023, at least six months ago.  The most concerning is from Brian Mcgee (Chief Financial Officer since 2020, joined 2015) who […]

Everest Group Ltd (EG US, +N, 13-Feb-24) Four officers bought a total of $950,000 of stock on February 9th at an average price of $350 per share in their first purchases.  Juan Andrade (Chief Executive Officer since 2020, joined 2019) bought $251,799 worth of stock, increasing his holding by 1%.  Mark Kociancic (Chief Financial Officer since 2020) bought $349,000 worth […]

Bancorp Inc (TBBK US, +N, 06-Feb-24) Matthew Cohn (Director since 1999) purchased $525,000 worth of stock from Jan. 31-Feb. 2nd at prices ranging from $42.58-45.16. These purchases increase his holdings to 208,000 shares, worth $9 million. Cohn has been a steady buyer since this company went public in 2004 and his recent purchases are at the […]

Columbia Banking System Inc (COLB US, +N, 02-Feb-24) We ranked this stock +N on Jan, 31st based on a cluster of buys from six insiders, spending a total of $652,000 around $21 per share.  Since that upgrade there have been four new buyers to the pattern, Christopher Merrywell (COO), Torran Nixon (SVP), Luis Machuca (Director), and Craig Eerkes (Chair since 2018, joined 2104), […]

Walgreens Boots Alliance Inc (WBA US, -N, 19-Jan-24) Nancy Schlicting (Director since 2006) sold 15,209 shares on January 16th at $23.05, reducing her stock holdings to zero. In addition, she does own 71,251 DSUs so still has meaningful ownership. Her last sale was of a similar size in November 2022 at $40, which proved timely and was the reason […]

Caseys General Stores Inc (CASY US, +N, 08-Jan-24) Michael Spanos (Non-Executive since 2022) purchased $200,000 of stock on the 3rd of January at $275.43, increasing his holding by 68%. This is his second purchase since joining, his first was for $100,000 at $220.45 in September 2022 and it’s notable to see him buying in twice the size […]

Lovesac Co (LOVE US, +1, 02-Jan-24) Andrew Heyer (Chair since 2017) purchased $237,000 of stock on the 27th of December at $26, increasing his stake by 3%. Whilst a modest purchase relative to his holding and historical sales, he has been a rare buyer with an excellent record with well-timed purchases at $14.29 in Dec 2019 and $12.81 […]

AMC Networks Inc (-1, AMCX US, December 26th) Matthew Blank (Director since 2022; Interim CEO from Sept. 2021 to Sept. 2022) sold 50,000 shares on December 22nd, reducing his stock holdings to zero. While he still likely has some options and RSU holdings, they appear modest. Blank was interim CEO for a year and likely […]

Terex Corp (+1, TEX US, December 14th) David Sachs (Director since 1992) purchased 50,000 shares on December 11th at $51, spending $2.6m and increasing his holdings by 12% to 464,287 shares. This is his largest single purchase in the shares and a complete reversal from a timely $2.4m sale in February 2023 at $57.53.  We ranked this stock +1 […]

Live Oak Bancshares Inc (-1, LOB US, December 8th) Steve Smits (Chief Credit Officer since 2015) sold 25,000 shares on December 7th at $35.87, reducing his holdings by -15% to 146,000 shares. This is his first sale since March 2022 and largest since November 2021, both of which were at significantly higher prices ($63 and $94, respectively).  […]