Insider Buying Metric Points to 5 Stocks Poised to Rise by Year’s End

Director Piles Up Shares of Money Transfer Services Provider

A Board member at Moneygram International Inc. (NASDAQ:MGI) was buying shares of the company this past week. Michael P. Rafferty, appointed to the company’s Board of Directors in early March, snatched up 1,500 shares on Wednesday at a cost of $6.44 per share, which lifted his overall holding to 25,750 shares.

The shares of the world’s second-largest money transfer provider are 10% in the green year-to-date. The shares of Moneygram took a hit recently after the company lowered its revenue forecast for 2016. Moneygram International Inc. (NASDAQ:MGI) expects constant currency revenue growth in the range of 7%-to-9%, down from the previous forecast of 8%-to-10%. The global provider of money transfer services said that continued political and economic unrest in parts of the Middle East and Africa contributed to the company’s discouraging top-line guidance. Clint Carlson’s Carlson Capital owned a 3.56 million-share stake in Moneygram International Inc. (NASDAQ:MGI) at the end of March.

Arctic Cat Director Purchases Shares

Last but not least, one member of Arctic Cat Inc. (NASDAQ:ACAT)’s Board bought shares last week. Director Andrew S. Duff purchased 5,000 units of common stock on Wednesday at prices between $14.85 and $14.90 per unit. After the recent purchase, Mr. Duff currently owns 8,724 Arctic Cat shares.

The designer, engineer and manufacturer of snowmobiles and all-terrain vehicles, and recreational off-highway vehicles has been experiencing a challenging environment over the past several years. During its fiscal year 2016 ended March 31, Arctic Cat Inc. (NASDAQ:ACAT) faced a number of headwinds such as foreign currency headwinds, a lack of snowfall in key regions that put pressure on snow-related sales, as well as a weakening powersports market. The competitive retail environment also resulted in higher spending on promotional programs. Meanwhile, the company’s net sales for the first quarter of fiscal year 2017 ended June 30 were $104.9 million, down by 22.0% year-over-year. Jim Simons’ Renaissance Technologies LLC reported owning 111,796 shares of Arctic Cat Inc. (NASDAQ:ACAT) in its 13F filing for the March quarter.

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