Heavy Insider Buying At Three Companies That Should Not Be Overlooked

Healthways Inc. (NASDAQ:HWAY) is another company that has registered a huge volume of insider buying activity this week. President and Chief Executive Officer Donato J. Tramuto acquired 8,740 shares on Tuesday at a weighted average price of $11.47. He also received a whopping 282,051 shares on Monday, which represent restricted stock units that will vest gradually throughout the upcoming three years. Following these transactions, the CEO currently holds 304,186 shares. Director Lee A. Shapiro purchased 4,359 shares at prices in the range of $11.41-to-$11.43, boosting his stake to 10,562 shares. Robert J. Greczyn, Jr., another Member on Healthways Inc. (NASDAQ:HWAY)’s Board of Directors, bought exactly 11,000 shares through two transactions at prices of $11.30 and $11.48 per share, and currently has in possession 17,203 shares. Lastly, Director Mary Jane England acquired 4,401 shares at a weighted average cost of $11.38, lifting her stake to 34,509 shares. The well-being company, which has seen its stock decline by nearly 40% since the beginning of the year, recently announced a structural reorganization and cost rationalization plan in an attempt to inject new dynamism into the company and cement its future growth. Conan Laughlin’s North Tide Capital held its position in Healthways Inc. (NASDAQ:HWAY) unchanged during the second quarter at 3.85 million shares.

Finally, Bank of Commerce Holdings (NASDAQ:BOCH) has seen three different insiders acquire stock thus far during the current trading week. Chief Credit Officer and Executive Vice President Robert H. Muttera purchased a 10,000-share block at a weighted average price of $6.44, enlarging his holding to 66,577 shares. Chairman Lyle L. Tullis acquired 5,000 units of common stock for $6.45 each. After the recent acquisition, the Chairman owns 245,095 shares, along with an additional 9,000 shares held indirectly. Director Joseph Q. Gibson also purchased 1,300 shares on Monday at a price of $6.30 per share, lifting his stake to 79,988 shares. The asset bank holding company and parent company of Redding Bank of Commerce has seen its shares advance by more than 8% since the beginning of the year. Even so, Bank of Commerce Holdings (NASDAQ:BOCH)’s stock is trading quite cheaply at the moment if bearing in mind its trailing P/E ratio of 10.63, which compares to a P/E ratio of 22.65 for the S&P 500. Israel Englander’s Millennium Management added a 22,441-share position in Bank of Commerce Holdings (NASDAQ:BOCH) to its portfolio during the second quarter.

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