Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Stocks Insiders Are Buying: KV Pharmaceutical & Public Service Enterprise Group

Stocks Insiders Are Buying: At the end of this past week, a couple companies with notable insider buying activity were Public Service Enterprise Group Inc. (NYSE:PEG) and KV Pharmaceutical Co (OTCMKTS:KVPHQ). Regarding the former, two of Public Service’s directors disclosed transactions involving the purchasing of shares, and a KV Pharmaceutical director also initiated a buy.

David Lilley, a director at PSEG, bought some 785.5 shares of the company on Thursday at a price of $33.40 per share. At the same time, another director at the company, Thomas Renyi, disclosed that he was buying 729.4 shares, with a similar purchasing price. After the transactions, Lilley holds almost 18,500 shares of PSEG stock, while Renyi owns almost 29,000 shares. The energy company posted a net income of $333 million, equivalent to $0.66 per share, versus $211 million in the same quarter of last year.

Raj Rajaratnam listening to tip

Among the hedge funds we track, David Harding’s Winton Capital Management disclosed the largest stake in PSEG, good for about 1.1 million shares worth. It is followed by Jim Simons’ Renaissance Technologies and Glenn Russell Dubin’s Highbridge Capital Management, which own 548,000 and 413,600 shares, respectively.

Looking at KV Pharmaceutical, we already discussed Edward Mule and Silver Point Capital‘s decision to buy 11% of the company earlier this week; it recently emerged from bankruptcy. Later in the week, Ana Stancic disclosed that she was purchasing 57,500 shares at an average price of $1.30 a pop.

Check back here for more updates on stocks insiders are buying.

Recommended Reading:

Following Icahn Into Nuance Could Reward Investors

Tom Sandell’s Epic Thesis Calling For a Bob Evans Sale or Spinoff

Here’s What This $22 Billion Money Manager Has Been Buying and Selling

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.