Insider Buying Metric Points To A Golden Opportunity In These Stocks

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Let’s now move on to Adams Diversified Equity Fund Inc. (NYSE:ADX), a self-management investment trust that has seen two Directors acquire shares this week. Director Roger W. Gale reported the acquisition of 4,155 shares at a price of $13.24 per share and currently holds 17,227 shares. Frederic A. Escherich, another Director on the company’s Board, acquired 750 shares on Monday for $13.20 each. Following the transaction, the Director owns 31,244 shares valued at nearly $410,000. These acquisitions come after Adams Diversified Equity Fund Inc. (NYSE:ADX) revealed its nine-month performance on October 8. The investment firm reported a negative return on net asset value of 4.9% for the nine-month period that ended September 30, but outperformed both the S&P 500 Index and the Lipper Large-Cap Core Mutual Funds Average (Lipper Peer Group). The shares of the investment trust have lost 4% since the beginning of the year, closely following the path of the S&P 500 benchmark. All in all, these Directors’ moves might suggest their confidence in the management team and prospects of this closed-end fund.

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Finally, Park Electrochemical Corp. (NYSE:PKE) Director Carl William Smith acquired 500 shares earlier this week at prices of $17.57 and $17.58 per share. After the recent purchase, the Director owns exactly 1,000 shares. The global advanced materials company has seen strong buying activity over the past two months or so, which could suggest that the company has a great future outlook. Just a few days ago, Park Electrochemical posted its earnings report for the second quarter of fiscal year 2016 that ended August 30. The company reported net sales of $37.95 million, compared to $42.35 million reported in the same quarter a year ago. Meanwhile, its earnings per share came to $0.23, lower than the $0.24 figure reported a year ago. The company’s stock performance has been disappointing in 2015, partly impacted by the freshly-released financial results. The stock has lost more than 28% since the beginning of the year, so the Director might be acquiring shares on weakness. Mario Gabelli’s GAMCO Investors owns a 664,300-share stake in Park Electrochemical Corp. (NYSE:PKE), which might also serve as a bullish sign concerning the stock.

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Disclosure: None

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