University of Illinois professor Josef Lakonishok and Inmoo Lee show insider purchases generate over 7 % per year in excess returns above index funds when there are several insiders purchasing.
Last week Insider Monkey covered Hercules Technology Growth Capital Inc (HTGC) which closed at $10.36 the Friday before they reported the insider purchase.
During the past week HTGC increased 4.3% beating the S&P 500 index, which increased 1.1%.
This is the 5th week in a row the Insider Monkey list of insider purchases beat the S&P 500 index.
17 of the 22 stocks that made the list beat the S&P 500 index.
Insider Monkey, your source for free insider trading data, compiled a list of companies with at least 3 insiders buying with the latest purchase made in late November:
1. Winmark Corp (WINA): Insiders have been buying since December 22nd. WINA closed at $33.16 last Friday.
2. Trailer Bridge Inc (TRBR): Insiders have been both buying and selling around $3. Douglas E. Schimmel purchased 30,000 shares at $2.91 on Thursday. TRBR closed at $2.94 on Friday.
3. Cogent Communications Group Inc (CCOI): There have been recent insider purchases at Cogent Communications around $14 per share. Last Friday CCOI closed at $13.74- less than what the insiders paid for it.
4. Diamond Foods Inc (DMND): Diamond Foods had significant insider purchases 3 months ago when it was trading around $41. Recently Diamond Foods’ Chairman and CEO Michael J Mendes bought additional shares below $52. On Friday, DMND closed at $52.30.
5. EQT Corp (EQT): There are recent insider purchases in EQT Corp. The largest transaction was two months ago at $38.38, recent transactions occurred below $45. On Friday, the stock closed at $45.62.
Source - Insider Monkey
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