is most profitable when several insiders buy around the same time. Academic studies have shown that insider purchases beat index funds by more than 7 % per year
when there are several insiders purchasing. During the past two trading days, there were 8 stocks that caught the attention of Insider Monkey
1. Town Sports Intl (CLUB):
This was one of our favorite stocks with insider trading about four months ago. We specifically wrote a separate article covering this stock
and told our readers that we added it to our hypothetical portfolio. The stock gained around 57% since we wrote that article
. There were more insider purchases last week.
2. Ligand Pharma (LGND):
There were several insider purchases
after the company announced its earnings mid February. Tom Steyer's Farallon Capital
started a new position in this stock during the fourth quarter. Dan Loeb's Third Point
sold all of their LGND holdings during the fourth quarter.
3. KKR Financial (KFN)
: This is a large cap stock with substantial insider purchases. Leon Cooperman's Omega Advisors
have a large KFN position. Dan Loeb
also have some KFN shares in his portfolio.
4. Transdigm Corp (TDG)
: Robert J. Small
spent nearly $7 Million on TDG shares during the past couple of weeks. Chase Coleman's Tiger Global
, Stephen Mandel's Lone Pine Capital
, and Jonathan Auerbach's Hound Partners
are among the tiger cubs with significant TDG holdings.
5. Cenveo Inc (CVO)
: A director of the company, Robert G Burton
, bought more than 65,000 shares below $6.
6. Resource America Inc (REXI)
: Whitney Tilson is extremely bullish
7. Calgon Carbon Corporation (CCC)
: William R. Newlin
purchased 24,500 shares at $13.91.
8. Ferro Corp (FOE)
: Timothy K. Pistell and Thomas R. Miklich bought 6,000 and 5,000 shares respectively. Pistell paid a 5% premium
over Miklich's price by delaying his purchase by one day.