Strong Insider Buying Activity Could Be Pointing To Bright Futures For These Stocks

Moving on to the next stock that should be on investors’ watchlists, OvaScience Inc. (NASDAQ:OVAS) saw one of its Directors acquire shares this week. Marc D. Kozin reported purchasing 4,800 shares at a weighted average price of $10.79, lifting his stake to 20,553 shares. The fertility company saw high activity in terms of insider buying last month as well, when Director Mary Fisher added 6,100 shares, acquired at a price of $16.49 per share, to her holding that now comprises 6,415 shares. At the same time, Kozin himself acquired 3,000 shares for $17.60 each last month. The shares of OvaScience have plummeted by over 75% year-to-date, partially owing to the company’s announcement that the sales of its Augment treatment would not meet the company’s 2015 target. OvaScience’s management blames the M&A activities within its key clinics for the lower-than-expected demand. Therefore, it seems that the Director is acting more in the fashion of a long-term value investor, so the stock might represent a good trading opportunity considering that all the bad news seems to already be incorporated into the share price. Adage Capital Management, founded by Phill Gross and Robert Atchinson, is the largest equity holder of OvaScience Inc. (NASDAQ:OVAS) within our database, holding 2.53 million shares as of June 30.

Finally, we will take a glance at the insider buying activity at Dominion Midstream Partners LP (NYSE:DM). Director John W. Snow reported the acquisition of 17,500 shares at prices in the range of $28.12-to-$28.44. Following the recent transactions, the Director owns 69,959 shares valued at $1.93 million. Dominion operates as a limited partnership that owns liquefied natural gas (LNG) import, storage, regasification, and transportation assets; therefore, it is no surprise that its shares have been on a decline this year. In fact, the stock has lost nearly 30% since the beginning of the year, and some analysts believe that the risk/reward ratio of the stock is quite attractive at the moment. For instance, D.A Davidson & Co.’s analyst, Poe Fratt, believes that Dominion Midstream Partners is “well-positioned to grow consistently since the dropdown inventory is very large and the assets available for dropdowns are good fits due to the long-term fee-based contracts that are in place.” Thus, the Director may be sharing the same belief, so do not forget to include this stock in your list of high-potential stocks. Balyasny Asset Management, founded by Dmitry Balyasny, disclosed owning 166,100 shares of Dominion Midstream Partners LP (NYSE:DM) through its latest 13F filing.

Disclosure: None