Insider Buying Metric Points to More Upside for These Three Stocks

Interval Leisure Group Inc. (NASDAQ:IILG) has seen two top executives purchase shares over the past several days. Chief Financial Officer and Executive Vice President William L. Harvey snapped up 7,298 shares yesterday at a weighted average price of $15.48, enlarging his overall holdings to 136,513 shares. Craig M. Nash, who has served as Chairman, President, and Chief Executive Officer since the company’s inception back in 2008, bought 18,835 shares yesterday and 3,754 shares on Friday at prices between $14.90 and $15.98 per share. After the recent purchases, the CEO currently owns 743,677 shares. The shares of the provider of lodging and leisure services have embarked on a steady downtrend since early-June and are down by 26% for the year. Just recently, Interval Leisure Group reported third quarter consolidated revenue of $174.0 million, which was up by 18.7% year-over-year. However, its diluted earnings per share decreased to $0.33, from $0.37 reported in the same period last year. The stock is trading quite cheaply relative to the broader market if considering its trailing P/E ratio of 11.61. The number of hedge funds with positions in the company climbed to 17 from 15 during the second quarter. Jim Simons’ Renaissance Technologies upped its position in Interval Leisure Group Inc. (NASDAQ:IILG) by 259,860 shares during the third quarter to 312,900 shares.

Let’s conclude our discussion by examining the insider buying activity at Dynegy Inc. (NYSE:DYN). A recent filing with the SEC revealed that President and Chief Executive Officer Robert C. Flexon added 10,000 shares to his holdings on Friday, lifting them to 426,763 shares. The 10,000-share block was purchased at $16.70 apiece. Furthermore, Daniel P. Thompson, Executive Vice President of Plant Operations – Coal, acquired 1,000 shares last Tuesday at a price of $17.55 per share, increasing his holdings to 19,583 shares. Earlier this month, the Houston-based power plant operator reported third quarter revenues of $1.23 billion, compared to $615 million delivered last year. Even so, the company’s net loss widened year-over-year to $24 million from $5 million. The mild temperatures during the third quarter reduced the demand for power, which in turn put downward pressure on power prices. The number of hedge funds monitored by our team with positions in the energy company stood at 52 at the end of the June quarter, compared to 4 following the prior one. These money managers accumulated 43.40% of the company’s shares on June 30. Howard Marks’ Oaktree Capital Management reported owning 9.84 million shares of Dynegy Inc. (NYSE:DYN) through the latest round of 13F filings.

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