Clusters of Insider Buying at Synergy Resources Corp (SYRG), EVINE Live Inc. (EVLV); Three Other Stocks With Significant Insider Trading

Two Board Members at EVINE Live Buy Shares

Two corporate insiders at EVINE Live Inc. (NASDAQ:EVLV) purchased shares this week, a mini-cluster of insider buying that might be worthy the attention of the investment community. Board member Fred R. Siegel purchased 8,969 shares on Tuesday at an average price of $2.22 per share, lifting his ownership to 70,396 shares. Landel C. Hobbs, another member of the company’s Board of Directors, snapped up 45,000 shares on Monday at a weighted average purchase price of $2.21 per share. After the recent transactions, Mr. Hobbs currently owns 132,575 shares.

The Insider Monkey team discussed the insider purchases of six different insiders of EVINE Live Inc. (NASDAQ:EVLV) at the end of March, as well as discussed additional insider purchases of several other insiders at the beginning of April. Interestingly enough, the shares of EVINE Live are up a whopping 185% in the past six months (since late March), so insiders are really good at employing the so-called bottom-fishing strategy indeed. EVINE Live is a digital commerce company that operates a 24-hour television shopping network through which the company offers and sells proprietary, exclusive and name brand products in a number of categories. The company’s net sales for the six months that ended July 30 were $324.1 million, up from $319.5 million posted for the same period of the prior year. Jeffrey Bronchick’s Cove Street Capital reported ownership of 6.59 million shares of EVINE Live Inc. (NASDAQ:EVLV) in its 13F for the second quarter.

Founder of Leading Ethanol Company Unloads Shares

The founder of REX American Resources Corp (NYSE:REX) offloaded a relatively sizeable chunk of shares this week. Stuart Rose, Executive Chairman of the company’s Board and former CEO, discarded 13,562 shares on Wednesday at prices that fell between $84.00 and $84.32 per share. Mr. Rose currently owns 631,160 shares.

The ethanol company has seen its market value jump by 56% since early January, which somewhat explains Mr. Rose’s decision to liquidate some shares. REX American Resources Corp (NYSE:REX)’s net sales and revenues for the quarter that ended July 31 were $115.7 million, up from $113.5 million posted in the same period of the prior year. Ethanol sales increased to $90.9 million from $87.0 million posted a year ago, reflecting an increase of three million gallons sold. There were six hedge funds followed by Insider Monkey with long positions in the leading ethanol company at the end of June, amassing around 11% of the company’s common stock. Jim Simons’ Renaissance Technologies LLC owns 526,400 shares of REX American Resources Corp (NYSE:REX) as of June 30.

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