Battered American Eagle Outfitters (AEO), Plus 2 Other Companies Witness Insider Buying

Executives of IDI Inc. (NYSEMKT:IDI) also reported a high volume of their company’s shares over the past several days. To begin with, Mathew Conlin, President of Fluent LLC (which was acquired by IDI at the end of 2015), purchased a new stake of 20,000 shares on Tuesday at a weighted average price of $5.85, which is held by Conlin Family Foundation Trust. Furthermore, CEO of Fluent LLC Ryan Schulke, who also joined IDI’s Board of Directors, acquired a 20,000-share stake as well, at a cost of between $5.63 and $5.90 per share. Executive Chairman Michael H. Brauser purchased 5,000 shares last Thursday at a cost of $6.31 per unit, all of which are held by Grander Holdings Inc. 401K Profit Sharing Plan (of which the Executive Chairman is a trustee).

IDI Inc. (NYSEMKT:IDI), which was formerly known as Tiger Media Inc., is a holding company that mainly focuses on data analytics and serves as an information solutions provider to the risk management industry. In early December, the company completed the aforementioned acquisition of information solutions provider Fluent for $100 million in cash and 15 million shares of IDI common stock; a deal which is anticipated to leverage IDI’s advanced data analytics. IDI’s revenue from data fusion operations for the nine months that ended September 30 totaled $3.3 million, but the company anticipates that its top-line results will increase in the future due to an expansion of its sales organization, its penetration into new markets, and new product releases.

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