Dorian LPG Ltd (LPG, +N, April 4th) John Hadjipateras (Chair and CEO since 2013) purchased $592,000 of stock on the 31st March at $19.73, increasing his stake by 2%. This is a reversal from a sale at $13.50 in March 2021 (via a tender offer) and a much higher price than his last purchase, at […]
Genuine Parts Co (GPC, +1, Mar 30th) Paul Donahue (Chair since 2019, CEO since 2016, joined 2004) purchased 1,600 shares on March 24th at $156, spending $250,000. Despite joining the company in 2004, and a reportable insider since 2007, this is his first open-market purchase. Most of his activity up until now has been exercising […]
Berkshire Hathaway Inc (BRKB, +1, March 22nd) Gregory Abel (Vice Chairman- Non-Insurance Operations since 2018; formerly CEO BHE) purchased 55 class A shares on March 17th at $447,260 per share, spending $24.6m and taking his class A holdings to 228 shares plus the 2,363 B shares he also owns. This purchase is his second open […]
Schwab Charles Corp (SCHW, +1, March 15th) Six insiders bought a total of $4.8 million of stock on the 14th of March at approximately $57 per share. Gregory Norden (CEO since 2021, joined 2002) bought $3 million of stock. John Adams (Non-Executive since 2015) purchased $297,000 of stock in his largest buy and his first […]
Black Stone Minerals Lp (BSM, +1, March 8th) Mark Dewalch (Non-Executive since 2015) bought $543,000 of stock on the 6th of March at $15.85, increasing his holding by 12%. This is only his 3rd market purchase since 2015, his first purchase since 2019, and his largest buy so far – his previous largest buy was […]
Twilio Inc (TWLO, +1, February 28th) Jeff Lawson (Co-Founder, Chairman & CEO) purchased 158,081 shares on February 24th at $63.26, spending $10 million. Whilst modest relative to his holdings of 5.9 million shares, it is notable as a reversal from a series of sales, most recently at $264 in January 2022. His only previous buy […]
Insider sentiment is turning bearish (30-day S/B Ratio 2.1) as selling outpaces buying by 2.5 to 1 this past week. However, there are still opportunities for investors as we’ve upgraded three stocks, including a waste management company (RSG +N), an energy producer (COP +N), and a computer hardware company (NSIT +1), with insider buying in the latter while it’s near a multi-year […]
Insight Enterprises (NSIT, +1, Feb 21th) Timothy Crown (Co-Founder, Chair since 2005, CEO 1994-2005) purchased $127,000 of stock on the 16th of February at $127.32, increasing his stake by 1%. Whilst relatively modest in size to his holdings and his historic sales, It is however notable as only his 3rd ever purchase despite a very […]
Centene Corp (CNC, +1, Feb 13th) Drew Asher (CFO since May 2021; joined Jan. 2020) purchased 6,800 shares on February 10th at $71.93, spending $490,000 and increasing his holdings to 315,000 shares. This is Asher’s first purchase in CNC. He joined in 2020 with the merger of Wellcare Health Plans where he was CFO, and […]
Intevac Inc (IVAC, +1, Feb 9th) Nigel Hunton (CEO since 2022) purchased $70,000 of stock across two trades in February 2023 at an average price of $6.98, increasing his stake by 4%. He made a series of smaller trades having joined in 2022 and it’s notable to see him now buying in larger size at […]
Charter Communication Inc – (CHTR, +1, Feb 2nd) Steven Miron (Director since 2016) purchased 2,500 shares on January 31st at $384, spending $961,000 and increasing his holdings to 9,173 shares. Despite his 6+ year tenure on this board as well as a 9 year tenure on the board of Warner Bros Discovery (WBD), this is […]
PNC Financial Services Group Inc – (PNC, +1, Jan 25th) William Demchak (Chairman & CEO since 2014, joined company as CFO in 2002) purchased 6,550 shares on January 20th at $153.38, spending $1,004,639. The trade is both his first purchase since 2009 (which was well-timed) and also a reversal from a sale at a similar […]
EOG Resources Inc – (EOG, +1, January 18th) Michael Kerr (Non Executive since 2020) purchased $2.6 million of stock on the 12th January at $130.49, increasing his stake by 12%. His only previous purchase was for $4.3m of stock in November 2021 at $86 which we ranked +N reflecting his likely long history following the […]
We did not rank any new stocks this week and therefore are using an upgrade from January 5th, Lovesac (LOVE +N) for the stock of the week. Note that a month ago we downgraded RH (RH -N on Dec. 9th), a much larger and more established competitor but both stocks have had >-60% declines from […]