Wiley, SolarCity, and More Stocks With Recent Insider Purchases

SEI Investments Company (NASDAQ:SEIC) had an Executive Vice President buy 5,000 shares at an average price of $22.56 per share. SEI is a wealth management and investment advisory company; we had noted in our discussion that it was valued at quite a bit of a premium to larger peers The Bank of New York Mellon Corporation (NYSE:BK) and State Street Corporation (NYSE:STT). While earnings have been up, the increase hasn’t been particularly large. We also noted that the same insider had sold a larger number of shares in early November, so it’s possible that the more recent move isn’t as meaningful as it otherwise would be. Chuck Royce’s Royce & Associates owned 5.1 million shares at the end of the third quarter (see Royce’s favorite stocks).

$360 million market cap scientific instruments company Fludigm Corporation (NASDAQ:FLDM) had a Board member buy 10,000 shares at an average price of $14.36 per share. About 200,000 shares are traded daily on average, so there should be sufficient volume for most investors. The sell-side expects Fludigm to be unprofitable both this year and next year, and 10% of the outstanding shares are held short. We would avoid it.