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Top stocks insiders are buying week ending Aug 4th

Harvey Sax

  1. Disgraced former Berkshire Hathaway executive Sokol buys $6,000,000 worth of Seaspan [SSW] as part of a planned purchase and management succession plan.  This is the first insider purchase in over 5 years at the shipping company
  2. Martin Landis Chairman of cellular  tower REIT Crown Castle Holdings [CCI] bought 30,000 shares at $110.64 for $3 million. Crown Castle (CCI) only began paying dividends in 2014, but the company currently offers income investors a high dividend yield near 4% with 6-7% annual dividend growth potential. Crown Castle also has an attractive business model with substantial recurring revenue, excellent free cash flow generation, and extremely high incremental margins.
  3. Perpetual buyer founder billionaire Philip Frost scoops up more shares of Opko Health[OPK]. Frost is continually buying stock in the pharmaceutical company. It’s curious as to why Dr. Frost doesn’t just buy all the shares and bring the company private.  Stock price has gone nowhere for years.
  4. CEO Victor Lund buys 31,270 shares of Teradata [TDC] for a cool $1.0 million near a 52 wk high.  Insiders buying at the top is usually very bullish.  Most insider buy their stock when its closer to a low than a high as they perceive it to be undervalued. Insider buying at the top is very bullish as business is most likely good and going to get better.
  5. Director Robert Kraft purchased 30,00o shares of Apollo Global Management [APO].  Kraft is the owner of the New England Patriots and would be considered the smart money so I am paying attention when he buys into this top private equity firm. As of August 2017, Apollo managed over US$232 billion of investor commitments across its private equity, credit and real asset funds and other investment vehicles making it the second largest US-based alternative asset management firm. Among the most notable companies currently owned by Apollo are Claire’s, Caesars Entertainment Corporation, Novitex Enterprise Solutions, and Rackspace. 
  6. Two insiders at General Motors [GM] took advantage of recent stock price dip and purchased $499.1K and $347.3k at prices around $34.73
  7. Director Morel bought 10,000 shares of Integra LIfeScience Holdings [IART] on an earnings related pullback at $49.25 on what looks like a favorable technical setup.
  8. Director Ted Samuels continues to express his confidence in Bristol Myers [BMY] following up his February  purchase with another 6000 shares at $55.94.
  9. AbbVie [ABBV] director Rapp buys $281K worth of stock on stock price pullback at a price of $70.45.
  10. The first buy in a year at Boyd Gaming [BYD] comes from Director Bailey at a price of $25.33.
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