Buy Stocks With Insiders: Heavy Insider Activity Detected at These Three Companies

Let’s now discuss the insider buys at Unifi Inc. (NYSE:UFI), a producer of multi-filament polyester and nylon textured yarns and other related materials. Director Kenneth G. Langone purchased a 10,000-share block on Monday at a weighted average price of $27.85, boosting his stake to 1.05 million shares. Additionally, his wife acquired 900 shares at a price of $27.84 per share and currently holds 26,900 shares. The Director also owns an indirect ownership stake of 130,000 shares through Invemed Associates LLC, where he serves as the principal equity holder, President and CEO. Just recently, Unifi Inc. (NYSE:UFI) disclosed preliminary operating results for the first fiscal quarter that ended September 27. The company posted net income of $8.0 million, or $0.45 per share, relative to $7.1 million, or $0.39 per share reported a year ago. Unifi managed to deliver strong operating results despite facing foreign exchange headwinds. Meanwhile, the shares of manufacturing company are down 5% year-to-date, so the Director might be betting on a turnaround in the upcoming months. Robert Bishop’s Impala Asset Management was the top shareholder of Unifi Inc. (NYSE:UFI) within our database at the end of the June quarter, holding approximately 913,000 shares.

Finally, we will look into the insider trading activity at real estate investment trust Pebblebrook Hotel Trust (NYSE:PEB). Jon E. Bortz, who has acted as Chairman of the company’s Board of Directors, President and Chief Executive since its formation in October 2009, bought 5,000 shares on Tuesday at exactly $33 apiece and currently owns 657,384 shares. His son also acquired 100 shares on the same day at a price of $32.99, enlarging his stake to 300 shares. Meanwhile, the executive’s wife holds a 200,000-share stake. Just a few days ago, the operator of high-end hotels disclosed its third-quarter financial results, which came in slightly lower than the company had previously anticipated. Pebblebrook Hotel Trust (NYSE:PEB)’s same-property revenue per available room increased 4.0% year-over-year to $230.36 million. At the same time, its hotels generated $88.6 million of same-property EBITDA, which was up 8.6% year-over-year. However, the company anticipates that the weakening global growth, job growth and international inbound travel demand will have an impact on its activities in the fourth quarter. Richard Driehaus’ Driehaus Capital acquired a 80,879-share stake in Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter.

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