Energy XXI (Bermuda) Limited (EXXI), Nextera Energy Partners LP (NEP), Accelerate Diagnostics Inc (AXDX): Three Small-Cap Stocks With Multiple Insider Purchases

According to our research, stocks with multiple insider purchases outperformed the market by an average of 7 percentage points per year. Over the first two days of this week, a few small-cap companies saw several of their insiders acquire their stock. Let’s look into some of the most interesting transactions.

Energy XXI (Bermuda) Limited (NASDAQ:EXXI) is a $1.7 billion market cap energy company, engaged in the acquisition, development, exploration and production of oil and natural gas reserves in the U.S. Gulf Coast and the Gulf of Mexico, which witnessed 6 insider purchases on Monday. The company’s Chairman and CEO, John Schiller; CFO, David Griffin West; COO, Ben Marchive; and three Executive Vice Presidents from different sectors of the company purchased 1,058 shares each under the Employee Stock Purchase Plan.*

Energy XXI (Bermuda) Limited (NASDAQ:EXXI)

Following these transactions, Energy XXI (Bermuda) Limited (NASDAQ:EXXI)’s CEO owns 1.22 million shares directly, and more than 17.77 million shares, indirectly; Mr. Marchive, COO, now holds 127,389 shares directly and more than 11.28 million shares indirectly; and Mr. Griffin West, CFO, 193,894 shares, directly, and more than 10.1 million, indirectly.

In addition to these insiders, several major hedge funds seem to like , Energy XXI (Bermuda) Limited (NASDAQ:EXXI). Mark Mcgoldrick And Jason Maynard’s Mount Kellett Capital Management owns 5.92 million shares of the company, worth more than $139 million, while Jeffrey Tannenbaum’s Fir tree last declared ownership of 4.815 million shares.

Another company that saw massive insider activity is Nextera Energy Partners LP (NYSE:NEP), a $3.2 billion market cap clean energy projects owner and operator that went public last week. The company priced its initial public offering, of approximately 16.3 million common units, at $25 per share, on the upper end of the projected range of $23 to $25 per share.

Starting on June 27, Nextera Energy Partners LP (NYSE:NEP)’s first day as a publicly traded company, nine insiders acquired the stock. The biggest buyer was James L. Robo, Chairman, President and CEO of NextEra Energy, Inc. (NYSE:NEE), Nextera Energy Partners LP (NYSE:NEP)’s parent company. Mr. Robo acquired 143,576 for a total of $4.11 million, having paid $25 per share for 73,576 Common Units Representing Limited Partner Interests (RLPI), and $32.55 for 70,000 Common Units RLPI.

Last in this list is Accelerate Diagnostics Inc (NASDAQ:AXDX), a $1.18 billion market cap rapid diagnosis system developer. On Monday, two large shareholders acquired the company’s stock. Jack Schuler, also a Board Director at Accelerate Diagnostics Inc (NASDAQ:AXDX), purchased 10,000 shares for $26.09 per share, increasing his holdings to 10.649 million shares. In addition, Larry Feinberg spent more than half a million dollars in stock; he bought 20,000 shares of common stock at $25.72 per share. He now holds more than 5.38 million shares of the company.

On top of these insiders, Cliff Asness (AQR Capital Management) last declared having doubled his stake in Accelerate Diagnostics Inc (NASDAQ:AXDX). His fund now owns 35,539 shares of the company.

* The Plan “allows employees to purchase common stock at a 15 percent discount from the lower of the common stock closing price on the first or last day of the period. This period was from January 1, 2014 through June 30, 2014” (SEC).

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!