Another stock that has seen strong insider buying activity recently is H&E Equipment Services Inc. (NASDAQ:HEES), which is a company that rents, sells, and provides parts and services support for four categories of equipment: hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. Bradley W. Barber, the President and Chief Operating Officer of H&E Equipment Services, acquired 10,000 shares on August 13 at $17.00 apiece. Following the transaction, Barber’s holding now comprises 76,113 shares. The shares of the company have lost nearly 39% year-to-date, so the recent insider buying activity might suggest that the stock is likely to rebound in the upcoming months; it’s hard to believe that the President and CEO of the company is investing to lose money. On July 30, H&E Equipment Services posted its financial results for the second quarter of the year and announced a regular quarterly cash dividend of $0.275 per share, an increase of 10% from the previous quarter. The company posted revenues of $262.4 million for the quarter, compared to $280.4 million reported last year. At the same time, the company’s net income came to $11.5 million, compared to $15.7 million reported a year ago. Within our database, Israel Englander’s Millennium Management is among the largest shareholders in H&E Equipment Services Inc. (NASDAQ:HEES), owning 206,765 shares as of March 31.
One final stock that has seen interesting insider activity lately is National Health Investors Inc. (NYSE:NHI), a Tennessee-based real estate investment trust (REIT). Five different corporate insiders made purchases on August 13, however, we’ll be discussing only the most noteworthy acquisitions. Eric Mendelsohn, who has recently been appointed interim President and CEO at National Health Investors after Justin Hutchens stepped down, purchased 1,500 shares at $58.80 per share, boosting his stake to 3,500 shares. At the same time, Roger Hopkins, the Chief Accounting Officer of the company also acquired 1,500 shares, at a price of $58.61 per share, adding them to a holding that now comprises 34,558 shares. Let’s not forget to mention that Kristin Sallee Gaines, who acts as the Chief Credit Officer of National Health Investors, purchased 2,000 shares of the company and now owns a stake of 27,872 shares. The shares of the REIT have lost over 16% since the beginning of the current year, and it seems that corporate insiders see this outcome as a profitable opportunity now. The company recently posted its financial results for the second quarter, posting net income per diluted share of $0.83, up by 9.2% year-over-year. Israel Englander’s Millennium Management is also the largest shareholder in National Health Investors Inc. (NYSE:NHI) within our database, holding a stake of 470,979 shares as of March 31.
Disclosure: None
