WEX Inc (WEX US, +1, 03-Jun-25) Melissa Smith (Chair, President & CEO since 2019, joined 1997) purchased slightly more than $500,000 worth of stock on May 29th at $134.57, increasing her ownership by 2%. This buy stands out both for its size and rarity: it is her first stock purchase since October 2008 and by far the […]
Resideo Technologies Inc (REZI US, +1, 28-May-25) Andrew Teich (Chair since 2024, joined 2018) purchased just over $1 million worth of stock on May 22nd at $20.20, boosting his stake by 20%. This follows a $350,000 purchase in February at $19.29 per share. It’s encouraging to see him making a purchase now – this is the largest […]
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 […]
Calavo Growers Inc (CVGW US, +1, 21-Apr-25) Lecil Cole (CEO since March 2023; formerly Director 1982-2021) has spent $2.4 million in April at an average price of $24.40. Having served as the former Chair and CEO for over 20 years, he left the company in 2021 but rejoined in March 2023 as President and CEO. In 2023, he […]
FB Financial Corp (FBK US, +N, 17-Apr-25) James Cross (Non Executive since 2020) purchased $292,000 of stock on April 16th at $40.49, increasing his stake by 13%. This is a reversal from an identically sized and very timely sale at $58.22 in November 2024. Since the reversal has occurred within a 6-month window, this appears to be a […]
MSC Industrial Direct Co (MSM US, +1, 10-Apr-25) Mitchell Jacobson (Chair since 2005, CEO from 1995 – 2005) purchased $11.1m of stock on the 8th April at $69.73, increasing his stake by 2%. His record as a buyer and a seller is good. He notably made a series of purchases between Jan 2021 and July 2022 at prices […]
Commercial Metals Co (CMC US, +1, 01-Apr-25) Peter Matt (President & CEO since 2023; joined 2020 as a Director) purchased $295,000 worth of stock on March 27th at $48.30, increasing his holding by 5%.This is only his second purchase despite a reasonable tenure with the company. His previous buy was $250,000 at $40 in October 2023, which proved well-timed. […]
