Three Stocks With Explosive Insider Buying Activity

Streamline Health Solutions Inc. (NASDAQ:STRM) had seven different insiders make big purchases this past week, so let’s see what might have triggered the wave of insider buying. To begin with, President and Chief Executive Officer David W. Sides purchased 170,000 shares this week at prices that ranged from $1.48 to $1.74 per share, which are held in an Individual Retirement Account. The CEO also holds a direct ownership stake of 5,000 shares, along with an additional 50,000 shares held through a trust fund. Senior Vice President and Chief Marketing Officer Randy Salisbury snapped up 30,000 shares this week at a weighted average cost of $1.51, lifting his overall holding to 55,788 shares. Furthermore, Director Jonathan R. Phillips bought 17,849 shares on Monday and 15,000 shares on Tuesday at prices that fell between $1.42 and $1.68 per share, and currently owns 498,205 shares. Judith E. Starkey, a Member on the company’s Board, acquired 50,000 shares on Tuesday at a weighted average price of $1.70 and currently holds 93,132 shares. Director Michael K. Kaplan bought 35,000 shares on Monday at prices ranging from $1.47 to $1.50 per share, which are held by a trust fund and Individual Retirement Account. The Director also owns a direct ownership stake of 85,514 shares. There were two other executives who purchased a somewhat lower amount of common stock.

The shares of the provider of data-driven solutions for healthcare providers have dropped by 59% over the past year. However, the company plans to allocate more capital to its sales resources, which could eventually drive up revenue growth, thanks to its improving financial health. James Dondero’s Highland Capital Management holds a 1.23 million-share position in Streamline Health Solutions Inc. (NASDAQ:STRM) as of September 30.