Market Overview

Eight Stocks Insiders Are Buying

There is really only one reason insiders buy shares of a company -- they believe the stock price is going to move higher and they want to profit from it. Market-driven sell-offs provide a perfect opportunity to snap up shares for investors who have faith in a company. Here are some stocks that have seen recent insider buying.

Assured Guaranty (NYSE: AGO): Two directors have purchased shares recently, including more than 400,000, worth more than $4.8 million, this week. This Bermuda-based financial company has a dividend yield of 1.6% and a market cap of $2.1 billion. Its share price is about 3% higher than a week ago but is still down more than 31% from a year ago. The stock has outperformed competitor MBIA (NYSE: MBI) year to date, but it also has underperformed the broader markets.

Clearwire (NASDAQ: CLWR): One director has recently purchased more than 2.7 million shares, worth more than $5 million, of this wireless broadband services provider, a subsidiary of Sprint Nextel (NYSE: S). Clearwire has a market cap of $2.1 billion. Shares jumped more than 45% this past week but are still down about 55% year to date. Over that time, the stock has underperformed Sprint and the broader markets.

Federal-Mogul (NYSE: FDML): Investor Carl Icahn has been buying shares this month, including more than 250,000 shares in the past week, worth more than $4 million. This Michigan-based producer of automotive, marine and aerospace components is a subsidiary of Icahn Sourcing, and its P/E ratio is 7.7. The share price has fallen about 10% in the past week and is down more than 14% year over year. The stock performance has been in line with competitor Dana Holding (NYSE: DAN) year to date.

JPMorgan Chase (NYSE: JPM): The CIO and two directors have purchased more than 190,000 shares, worth about $7.3 million, this month. This New York-based financial giant has a dividend yield of 2.8%, a market cap of $137.2 billion, and a P/E ratio of 7.5. Shares dropped about 4% in the past week and are down almost 4% from a year ago. But the stock has outperformed competitors Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) year to date.

Leap Wireless (NASDAQ: LEAP): Two directors have been buying shares lately, including more than 3 million shares, worth about $30 million, this week. This San Diego-based digital wireless services provider has a market cap of $698.1 million. Its share price jumped more than 18% in the past week, but shares are still down almost 18% from a year ago. The stock has outperformed competitor Sprint Nextel and the broader markets since the beginning of the year.

Lions Gate Entertainment (NYSE: LGF): So far in August, investor Carl Icahn has purchased more than 750,000 shares, worth more the $5 million, of this company behind AMC's Mad Men and the upcoming remake of Conan the Barbarian. This film and television producer has a market cap of $977.8 million and a long-term EPS growth forecast of 16.9%. The share price is nearly 4% higher this week and up more than 12% year over year. The stock has outperformed the broader markets year to date.

Pinnacle Entertainment (NYSE: PNK): The CEO, an EVP and a director have bought more than 65,000 shares, worth about $760,000, of this Las Vegas-based casino operator this month. Its market cap is $722.2 million and its shares are trading about 14% higher than a year ago. The stock has outperformed competitors Boyd Gaming (NYSE: BYD), Isle of Capri Casinos (NASDAQ: ISLE) and MGM Resorts (NYSE: MGM) year to date, but underperformed the broader markets.

Valhi (NYSE: VHI): The chairman of the board has been periodically buying shares of this industrial products manufacturer all summer, including more than 33,000 shares worth more than $1.6 million this week. This company has a market cap of $5.5 billion and its dividend yield is 1.0%. The share price fell about 6% in the past week but is more than 120% higher year to date. The stock has outperformed the broader markets in that time.

Posted-In: assured guaranty Bank of America boyd gaming Carl Icahn Citigroup Clearwire Conan the Barbarian Dana Holding Federal-Mogul Insider Buying Isle of capri casinos JPMorgan Chase Leap Wireless Lions Gate Entertainment Lionsgate Mad Men mgm resorts Pinnacle Entertainment Sprint Nextel Valhi Wells FargoLong Ideas Short Ideas Insider Trades Trading Ideas Best of Benzinga


Most Popular

Related Articles (AGO + BAC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free