Big Insider Purchases Uncovered At Albemarle Corporation (ALB), Mallinckrodt PLC (MNK), and Alexander & Baldwin Inc (ALEX)

Next up is Mallinckrodt PLC (NYSE:MNK), whose Senior Vice President Coleman Lannum acquired 200 shares recently, taking his total holding to 8,061 shares. He also purchased 575 shares of the $9.93 billion specialty pharmaceuticals company last month. Mallinckrodt PLC (NYSE:MNK) also came under excessive selling pressure in August, wiping out all of the company’s gains and pushing it to nearly 15% in the negative for the year. In its financial results for the third fiscal quarter ending in June, Mallinckrodt PLC (NYSE:MNK) delivered an EPS of $2.05, which was $0.23 higher than what analysts expected, along with revenues of $965.1 million, which even though that represented an increase of 47.8% on a year-over-year basis, were nonetheless $20.2 million short of the expected mark. John Paulson‘s Paulson & Co is the largest stockholder of Mallinckrodt PLC (NYSE:MNK) within our database, holding about 6.59 million shares valued at $776.27 million.

Alexander & Baldwin Inc (NYSE:ALEX) also saw insider activity recently, as its Director David Hulihee acquired some 17,800 shares, putting his total stake at 1.56 million shares. The stock price of the $1.63 billion real estate company has crashed by 14.54% year-to-date, with most of the fall coming in August. Recently, Alexander & Baldwin Inc (NYSE:ALEX) sold 11 acres of property at the Maui Business Park II to Lowe’s (NYSE:LOW) for $18.68 million. The home improvement retailer plans to build a 167,000-square-foot store on the property. John Overdeck and David Siegel‘s Two Sigma Advisors purchased some 85,400 shares of Alexander & Baldwin Inc (NYSE:ALEX) during the second quarter to lift its total stake to 96,900 shares valued at $3.82 million.

Disclosure: None