Insiders See Big Things Ahead For These 3 Stocks

Moving on, Mark Newman, who serves as a Senior Vice President and Chief Financial Officer at Chemours Co (NYSE:CC), bought 5,500 shares of the company on September 9 at a weighted average price of $9.37 and now owns a total of 114,109 shares of Chemours. Chemours Co debuted on the secondary market on June 19 after its spin-off from E I Du Pont De Nemours And Co (NYSE:DD) was completed. Investors of the company have been hit by a double whammy since, as not only has Chemours Co (NYSE:CC)’s stock already fallen by more than 55% since its debut, but the company has also recently slashed its quarterly dividend to $0.03 per share from $0.55 per share. Billionaire investor Israel Englander‘s Millennium Management reported in its latest 13F filing that it owned 120,701 shares of Chemours as of June 30.

Finally, let’s take a look at the insider buying in Massachusetts-based Real Estate Investment Trust (REIT) Franklin Street Properties Corp. (NYSEMKT:FSP). On September 9, John N Burke acquired 2,800 shares of the REIT at a weighted average price of $10.33 and now owns 15,214 shares. The same day that Mr. Burke bought those shares, analysts at BMO Capital Markets initiated coverage on the stock with a ‘Market Perform’ rating and an $11 price target. Owing to the 17.84% year-to-date decline the shares of Franklin Street Properties Corp. (NYSEMKT:FSP) have had, the $0.19 per share quarterly dividend it pays currently translates into a lucrative annual dividend yield of 7.34%. Jim Simons‘ Renaissance Technologies was one of the hedge funds that increased its stake in the REIT, during the April-June period, by 30%; it held slightly below 600,000 shares at the end of June.

Disclosure: None