Wednesday 5/27 Insider Buying Report: JGW, CLMT
The Online Investor - 9 hours, 16 minutes ago
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.
On Friday, JG Wentworth (JGW)'s Chief Executive Officer, Stewart Stockdale, made a $331,450 buy of JGW, purchasing 35,000 shares at a cost of $9.47 each. JG Wentworth is trading up about 4.1% on the day Wednesday. This buy marks the first one filed by Stockdale in the past year.
And on Tuesday, Interim CEO William H. Hatch purchased $267,500 worth of Calumet Specialty Product Partners LP (CLMT), purchasing 10,000 shares at a cost of $26.75 each. This purchase marks the first one filed by Hatch in the past twelve months. Calumet Specialty Product Partners LP is trading up about 1% on the day Wednesday. So far Hatch is in the green, up about 2.6% on their buy based on today's trading high of $27.45.