U.S. Silica Holdings Inc (SLCA), Verastem Inc (VSTM), More: Insider Buying Clusters Could Signal Future Gains

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Arlington Asset Investment Corp (NYSE:AI)

Two of Arlington Asset Investment Corp (NYSE:AI)’s leading executives each purchased 10,000 shares of the company on October 3. President and CEO J. Rock Tonkel, Jr., who joined the company in 2007 as its President and COO, owns 359,115 shares after his 10,000-share purchase. Equaling his share purchase was Executive Chairman Eric F. Billings, who co-founded Arlington Asset in 1989. Mr. Billings now owns 242,759 of Arlington. Asset.

The $256 million investment company has sunk to just $8.90 per share, a decline of over 10% since September 27, when it began trading ex-dividend. That has pushed the company’s forward yield to an eye-bulging 16.80%. While Arlington Asset lost $0.13 per share in Q2, earnings were $0.59 per share when adjusted for non-recurring costs. The big question is whether Arlington Asset Investment Corp (NYSE:AI) will need to cut its quarterly dividend further in 2019 following a 31.8% reduction to $0.375 announced in June.

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U.S. Silica Holdings Inc (NYSE:SLCA)

Five members of U.S. Silica Holdings Inc (NYSE:SLCA)’s leadership purchased shares of the sands and minerals supplier towards the end of September. U.S Silica’s EVP & Chief Commercial Officer Bradford B. Casper purchased 1,500 shares, while EVP & Chief Financial Officer Donald A. Merril acquired 500 shares to lift his ownership to 27,377 shares. Directors William Jennings Kacal (10,000 shares) and Michael J. Stice (5,414 shares) increased their ownership in the company, while President and CEO Bryan Adair Shinn did the same, buying 2,000 shares to lift his stake in the company that he leads to 126,243 shares.

Shares of U.S. Silica Holdings Inc (NYSE:SLCA) have steadily trended downward since mid-May and have lost over 40% since the start of the year. Investors are concerned that softening demand for frac sand will put pressure on prices over the next year. Fellow frac sand supplier Hi-Crush Partners LP (NYSE:HCLP) announced on September 26 that it would idle dry plant operations at its facility in Whitehall due to soft demand which the company characterized as being temporary. Shares of both Hi-Crush and U.S. Silica Holdings Inc (NYSE:SLCA) lost over 7% of their value on the news.

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Disclosure: None

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