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Insider Buys at 52-Week Low

April 15, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
This past week we have seen several insiders buying back into their company when share prices are at or near their 52-week low. It is interesting to note these buys because researching these companies can help you find undervalued stocks that are oftentimes neglected by Wall Street.



1. AeroVironment (AVAV)

Director Arnold Fishman went against the trend this past week as he bought 7,000 shares of AeroVironment.

Director Arnold Fisherman bought 7,000 shares on April 8 at $17.84 per share. His transaction amount totaled $124,880. Since this buy the price has increased 1.91%.

Fishman’s buy also marks the first insider buy for the company.



Not only is AeroVironment’s price close to a 52-week low but it has also nearly hit a 10-year low price as well.

AeroVironment designs tests and manufactures technological projects such as small, unmanned, remote-control military aircraft and rapid battery charging stations.

The GuruFocus analysis of AeroVironment reports six severe warnings as well as five good signs.

Steven Cohen, Paul Tudor Jones, Jim Simons and Chuck Royce all hold shares in AeroVironment. Look at AVAV’s Guru Trades page to see the shares these gurus hold.

With its shares down 0.61%, AeroVironment trades at $18.07.

2. Exa Corp. (EXA)

As its price is nearing a 52-week low of $7.56, Exa Corp. reported four different insider buys.

- Director John Poduska added 6,000 shares at a price of $7.55 for a total transaction amount of $37,500.

- Director Stephen Sarno added 5,000 shares at $7.50 each. This transaction cost him $37,500.

- COO and CFO Edmond Furlong bought 10,000 shares at $7.55. This transaction amount was $75,500.

- Finally, Director John Smith Jr. added 4,000 shares at a price of $8.10. The total amount for this transaction was $32,400.



These insider buys come at a 52-week low for the company.

The company develops sell and support simulation software and services that vehicle manufacturers use to enhance the performance of their products. The company is currently focused on the ground transportation market.

According to the GuruFocus analysis of Exa the company’s P/E ratio has hit a one-year high of 128.205. The company’s cash flow from operations has severe divergence from the reported net income. This could suggest that Exa is not receiving payments from its customers or that something else is affecting its cash flow.

Columbia Wanger is a 10.8% owner of the company, holding 1,444,080 shares of Exa.

With its shares down 2.74%, Exa trades at $7.45.

3. Premier Gold Mines (TSX:PG)

With gold on a steady decline, Canadian insiders seem to be nabbing up the stock before the price rises again. Premier Gold Mines reported four insider buys as the company’s price has matched its previous 3-year low price of $2.23.

Director Eve Scherkus bought 20,000 shares at $2.58 per share. This transaction cost him $51,550.

Director Ewan Downie made three separate transactions adding a total of 35,000 shares. The shares traded at an average price of $2.45. The total price for these transactions was $85,704.



Since these buys the price of Premier Gold has dropped an additional 10% or approximately $0.23 per share.

Premier Gold Mines is a Canadian-based mineral exploration company, focused on exploring for and developing gold deposits within the Americas.

The GuruFocus analysis has reported that the company’s per share revenue has been in decline for the past three years.

There are currently no gurus that hold a stake in Premier Gold Mines.

With its shares down 8.23%, Premier Gold trades at $2.23.

To see the complete list of insiders buying at 52-week low within the past month, click here.


Rating: 3.0/5 (2 votes)

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