Insider Trades: An In-Depth Analysis Insider Trades: An In-Depth Analysis

Written By Michael Gary Scott

Although U.S. stocks closed higher on Thursday, several notable insider trades emerged.

Insider purchases signal confidence in a company’s future or a belief in an undervalued stock. While compelling, insider buy signals should not dictate investment decisions single-handedly. Instead, they can bolster existing convictions.

Here’s a glance at recent insider transactions worth noting.

Insider Trade at Perrigo

  • The Trade: Perrigo Company plc CEO Patrick Lockwood-Taylor acquired 9,500 shares at an average price of $26.54, totaling approximately $252,168.
  • Key Event: Perrigo’s fourth-quarter 2023 net sales of $1.16 billion were reported on Feb. 27, just below consensus.
  • About Perrigo: Perrigo is a global consumer health brand, focusing solely on consumer self-care since 2018.

Insider Activity at A-Mark Precious Metals

  • The Trade: Director Jess M Ravich of A-Mark Precious Metals, Inc. purchased 20,000 shares at an average price of $25.63, totaling around $512,536.
  • Recent Development: On Feb. 6, A-Mark Precious Metals revealed disappointing second-quarter results.
  • About A-Mark Precious Metals: A-Mark Precious Metals trades in gold, silver, platinum, and palladium products.

Director’s Acquisition at Darling Ingredients

  • The Trade: Director Kurt Stoffel of Darling Ingredients Inc. bought 8,000 shares at an average price of $41.62, amounting to approximately $332,960.
  • Current Outlook: On Feb. 27, Darling Ingredients reported lower-than-anticipated quarterly results.
  • About Darling Ingredients: Darling Ingredients develops sustainable ingredients for various sectors, including food, pharmaceuticals, and fuels.

Big Purchase at Tile Shop Holdings

  • The Trade: Pleasant Lake Onshore Feeder Fund LP, a 10% owner of Tile Shop Holdings, Inc., acquired 282,629 shares at an average price of $6.92, totaling around $1.96 million.
  • Latest News: Tile Shop Holdings reported a 3.4% decline in fourth-quarter fiscal 2023 sales to $84.46 million on Feb. 29, falling short of expectations.
  • About Tile Shop Holdings: Specializing in natural stone and man-made tiles, Tile Shop Holdings is a United States-based retailer of various tiling materials.
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