Patrick Industries Inc (PATK US, +1, 20-May-25) Todd Cleveland (Director, former CEO 2008-2019; former Chair 2018-2024) purchased 11,000 shares at $86.57, spending $952,000 and increasing his holdings by 8% to 182,000 shares. The purchase is a reversal from a slightly larger sale in September 2024 at $88, and his first purchase since 2018 (at $21). We upgraded the stock […]
Ligand Pharmaceuticals Inc (LGND US, +1, 14-May-25) Todd Davis (CEO since 2022, Non Exec from 2007-2022) purchased $1m of stock on the 9th May at $105.20, increasing his stake by 6%. This is a notable buy from an insider with an excellent record as both a buyer and seller. This purchase is more than 4x larger than any […]
KKR & Co Inc (KKR US, +1, 09-May-25) Robert Scully (Non Executive since 2010) purchased $1.5m of stock on the 6th May at $113.49, increasing his stake by 8%. He has an excellent record as a buyer at KKR and in his other Non-Exec roles (Chubb Ltd and Zoetis), qualifying as a “Smart Buyer”. He has bought stock […]
PHINIA Inc (PHIN US, +1, 02-May-25) Brady Ericson (CEO since 2023) purchased $397,000 of stock on the 30th of April at $39.73, increasing his stake by 2%. This is his second purchase since the spin-out from BorgWarner in June 2023. His first purchase was in a similar size at $28.92 in August 2023, and it’s encouraging to see […]
