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Three Companies Reporting Group Insider Buying
Posted by: Monica Wolfe (IP Logged)
Date: September 4, 2013 05:28PM
Over the past seven days there have been several companies reporting group insider buying. It is interesting to note because this can sometimes signify a collective belief that the share price will rise. As Peter Lynch famously said: “Insiders might sell their shares for any number of reasons, but they buy them for only one: They think the price will rise.” So when a group of insiders buy back into the company, it is a good time to give the stock another look.
The following three companies reported notable insider buys over the past week.
Bank of South Carolina Corporation (BKSC)
Over the past week four insiders have made eight separate buys. The insiders consist of Executive VP, CFO and Treasurer Sheryl Sharry, Director David Schools, Chairman of the Board Hugh Lane and President Fleetwood Hassell.
These insiders essentially made two different transactions.
On Aug. 28, the four insiders each bought 2,002 shares. They bought these shares at $13.50 per share. This cost the insiders $27,027 individually. The price per share has not changed since then.
On Aug. 30, the four insiders each bought 113 shares at $13.47 per share. This cost them individually a total of $1,522.11, and since then the price per share has increased approximately 0.22%.
Since their most recent group buy Sheryl Sharry holds on to 88,923 shares, David Schools holds at least 24,876 shares, Hugh Lane owns at least 369,557 shares and Fleetwood Hassell owns at least 100,384 shares of company stock.
Bank of South Carolina has a strong history of insider buying.
Bank of South Carolina Corporation through its subsidiary offers deposit services, including checking accounts, NOW Accounts, savings accounts and other time deposits of various types.
Bank of South Carolina’s historical revenue and net income:
The analysis on Bank of South Carolina reports that the company’s price is nearing a 5-year high, the P/E ratio is near a 2-year high, the company’s asset growth is currently faster than its revenue growth and the company currently has no debt.
The Peter Lynch Chart suggests that the company is currently overvalued:
Bank of South Carolina has a market cap of $13.60 with a P/E ratio of 15.40, a P/S ratio of 4.10 and a P/B ratio of 1.80. The dividend yield of BKSC stocks is 3.50%. The company had an annual average earnings growth of 2.2% over the past ten years.
Tremor Video Inc. (TRMR)
Over the past week five insiders have made buys buys back into Tremor Video.
The insiders consisted of President and CEO William Day, President of Global Sales and Marketing Lauren Wiener, Senior VP and CFO Todd Sloan, Director Robert Schechter and Director Rachel Lam. These insiders bought a total of 32,600 shares in the price range of $6.75 to $8.04.
William Day bought the most, adding 15,000 shares to his stake. The insider bought these shares at $7.13 per share for a total transaction amount of $106,950. The price per share has since then increased by 13.04%.
Lauren Wiener added 5,000 shares at an average price of $6.75 per share. This transaction cost her a total of $33,750. Since then the price per share has increased approximately 19.41%.
Todd Sloan bought 5,100 shares at an average price of $6.86 per share. This cost the CFO a total of $34,986. Since then the price per share has increased about 17.49%.
Robert Schechter purchased 5,000 shares this past week. He bought these shares at an average price of $8.04 per share. This cost the director a total of $40,200. Since his buy, the price per share has increased a minor 0.25%.
Lastly, Director Rachel Lam bought the smallest amount, adding 2,500 shares to her holdings. She bought these shares at an average price of $8 per share. This cost the director a total of $20,000. Since her buy, the price per share is up about 0.75%.
These are the first insider transactions reported for the company.
Tremor Video Inc provides video advertising solutions that enable brand advertisers to connect with consumers across multiple internet-connected devices including computers, smart phones, and tablets and connected TVs.
Tremor Video’s historical revenue and net income:
Tremor Video’s historical price:
The company recently noted several switches in upper management including the hiring of Jennifer Speciale as the Director of Talent Acquisition. Her position will be focused on building a consistent and strong global team for Tremor Video. The company is currently working towards revamping the internal structure of the business.
Tremor Video has a market cap of $400.8 million. Its shares are currently trading at around $8.09 with a P/S ratio of 0.50 and a P/B ratio of 3.40.
Independent Bank Group (IBTX)
Over the past week four insiders made five separate buys back into the company. The insiders consisted of Director Jack Radke, William Fair, Stacy Smith and Michelle Hickox.
Director Jack Radke bought 7,000 shares at an average price of $36.06 per share. This transaction cost him a total of $252,420. Since his buy, the price per share has increased about 1%. Radke now holds on to at least 125,159 shares of company stock.
Director William Fair made two transactions over the past seven days. His buys added 7,194 shares to his stake. He bought these shares at an average price of $34.24 per share for a total transaction amount of $246,323.36. Since his buys, the price per share has jumped approximately 6.37%. Fair now holds on to at least 184,584 shares of company stock.
Director Stacy Smith made the largest transaction last week, adding 11,087 shares to her stake in the company. The director bought these shares at an average price of $34.16 per share for a total transaction amount of $378,732. Since her buy, the price per share has increased approximately 6.62%. Smith now holds on to at least 116,510 shares of company stock.
Executive VP and CFO Michelle Hickox added 1,000 shares to her holdings over the past week. She bought these shares at $34.02 per share for a total transaction amount of $34,020. Since her buy, the price per share has increased approximately 7.05%. Hickox now owns at least 10,500 shares of company stock.
The company has increased its group insider buying as the price has been on the rise.
Independent Bank Group Inc., through Independent Bank, provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals.
Independent Bank’s historical revenue and net income:
The analysis on Independent Bank Group reports that the company’s price is nearing a 1-year high, the P/E ratio is at a 1-year low and their P/S ratio is also at a 1-year low.
Independent Bank Group has a market cap of $425.5 million. Its shares are currently trading at around $35.44 with a P/E ratio of 14.40, a P/S ratio of 4.00 and a P/B ratio of 2.00.
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Stocks Discussed: BKSC, TRMR, IBTX,
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