MSC Industrial Direct Co inc – (MSM, +1, July 15th) Mitchell Jacobson (Chairman since 1998, CEO from 1995-2003) purchased 200,000 shares at $72.25 on July 13th, spending $14.45 million. Whilst modest relative to his 12.3m shareholding (6.3m A shares and 6m B shares) he has been a rare buyer with only two previous purchases since […]
Highpeak Energy Inc – (HPK, +1, July 6th) Steven Tholen (CFO since 2019) purchased $246,000 of stock on the 1st July at $24.65, increasing his holding by 67%. This is a notable purchase. The company was formed via a SPAC merger between Highpeak Energy (where Tholen was CFO) and Pure Acquisition in July 2020. The […]
Chesapeake Energy Corp – (CHK, +1, June 29th) Between June 16th and June 27th, the CEO, the COO, and the Chairman purchased a total of $996,553 of stock at an average price of $81.94. They are the first buyers since the company emerged from bankruptcy in February 2021. Domenic Dell’osso (CEO since 2021, CFO 2010-2021) […]
Vistra Corp – (VST, +1, June 21st) Brian Ferraioli (Non Executive since 2017) purchased $181,000 of stock on the 17th June at $22.50, increasing his holding by 12%. His record in the stock is good, most notably a series of buys he made during 2020-21 at relatively depressed prices, most recently buying stock at $15.89 […]
Avis Budget Group Inc – (CAR, +1, June 15th) Bernardo Hees (Executive Chairman since 2020) has now spent $15 million purchasing shares over the past month. We upgraded the stock to +N on May 23rd after his first $5 million purchase at $189. He subsequently made two additional $5 million purchases, on May 24th at […]
Nextera Energy Inc – (NEE, +1, June 6th) Eric Silagy (Chairman, President and Chief Executive Officer, Florida Power & Light Company since 2012) purchased 13,128 shares on June 2nd at $76.45, spending $1 million and increasing his holdings by 6% to 250,000 shares. Silagy has been CEO of FPL for over 10 years and this […]
Agilon Health Inc – (AGL, -1, May 31st) Michael Smith (Director since 2017; Co-founder Cardinal Equity Fund, former CFO Anthem) sold 145,874 shares on May 25th at $19.53, cutting his holdings in half to 163,118 shares. This is Smtih’s first sale in the shares, and it is concerning to see him abruptly sell half his […]
Middleby Corp – (MIDD, +1, May 26th) Nassem Ziyad (Director since 2017) purchased $276,000 worth of stock on May 24th at $135.83, increasing his holdings by 23% to 10,845 shares. This is Ziyad’s largest purchase and two years after a timely buy in March 2020 at $73. We ranked this stock +N on May 17th […]
Jackson Financial Inc (JXN US, +1, May 18th) On May 11th the company reported their financial results and from May 13-16 four insiders have purchased a total of $1 million worth of stock at prices ranging from $30-32. The buyers include Laura Prieskorn (CEO, spending $150,000), Devhumar Ganguly (COO, spending $306,000), and Carrie Chelko (GC, […]
Parker Hannifin Corp (PH US, +1, May 11th) James Wainscott (Non-Executive since 2009) purchased $809,000 of stock at $269.67 on May 9th, increasing his holding by 20%. This is only his third purchase in more than 10 years and by far his largest. His two previous acquisitions in December 2009 and August 2011 at $54.69 […]