Major Insider Buying Suggests These Companies Are Poised To Explode

Let’s move on to FBR & Co (NASDAQ:FBRC), which operates as an investment banking and institutional brokerage firm. Richard J. Hendrix, who serves as the Chief Executive Officer and Chairman, bought 2,000 shares yesterday at a share price of $21.92 each. Following this acquisition, Hendrix owns 271,695 shares worth $6.04 million at the current price of $22.22 per share. The recent broader market selloff has beaten down the shares of FBR noticeably, so it might be the case that the executive is buying shares believing that they are trading at attractive levels at the moment. Looking at the broader picture, the stock has lost almost 10% since the beginning of the year. Earlier this month, FBR & Co announced the completion of its previously-announced acquisition of MLV & Co. LLC, which is an investment banking and brokerage firm that focuses on equity capital markets and which is a leading provider of At-the-Market offerings. This deal clearly indicates that the company is keen on expanding its operations and activities. Chuck Royce’s Royce & Associates is among the largest equity holders of FBR & Co (NASDAQ:FBRC) within our database, owning 298,801 shares.

Finally, we can turn our attention to Sunedison Inc (NYSE:SUNE). Ahmad R. Chatila, who has been the Chief Executive Officer and President of Sunedison since 2009, added 4,800 shares at $10.87 per share to his holding that now comprises 850,472 shares. The renewable energy stock had experienced a great run through mid-July, when it embarked on a steep downtrend leading to a significant loss of value. The shares of Sunedison have lost 63% over the past three-month period. Furthermore, the stock appears to be in a bottoming-out phase at the moment, so the CEO is seemingly piling up more shares so as to get an attractive return in the upcoming months or years. Some stock market participants tend to think that the second quarter earnings miss represents the primary reason for the stock’s decline. However, there is not only one reason that can fully explain the downfall; the actual reason for the sharp decline is multifaceted (read more details here). Sunedison Inc (NYSE:SUNE) represents the second-largest holding of David Einhorn’s Greenlight Capital as of the end of the second quarter, consisting of 24.84 million shares.

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