As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.
At Crocs, a filing with the SEC revealed that on Thursday, Director Thomas J. Smach bought 4,000 shares of CROX, at a cost of $109.38 each, for a total investment of $437,530. So far Smach is in the green, up about 4.7% on their purchase based on today’s trading high of $114.53. Crocs is trading up about 0.9% on the day Tuesday. This purchase marks the first one filed by Smach in the past twelve months.
And at SLR Investment, there was insider buying on Thursday, by See Remarks Michael S. Gross who purchased 20,000 shares at a cost of $12.35 each, for a total investment of $246,980. Before this latest buy, Gross purchased SLRC at 3 other times during the past year, for a total cost of $2.30M at an average of $14.35 per share. SLR Investment is trading down about 0.6% on the day Tuesday. Bargain hunters are able to bag SLRC even cheaper than Gross did, with shares changing hands as low as $12.02 at last check today — that’s 2.7% below Gross’s purchase price.
VIDEO: Tuesday 9/15 Insider Buying Report: CROX, SLRC
