Roundup of Recent Insider Buys

Author's Avatar
Jun 08, 2015

The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$2,000,000+” and Duration to "over the past 7 days".

According to the above filters, the following are three recent buys from company insiders:

On June 5, the insiders Ronald N. Tutor (10% owner) and Ronald D. Tutor (chairman and CEO, 10% owner) of Tutor Perini Corp (TPC), paid a total of $4,278,980 to buy 190,008 shares for $22.52 per share. After that trade, the price of the stock increased by 1.9%.

The company has an institutional ownership of 77% and an insider ownership of 3%.

The price of the company dropped by 27% over the last 12 months and is now trading with a very cheap P/E(ttm) ratio of 11.90. Based on the DCF model, the company looks undervalued by 20%; its fair value is $29.06 and the current price is $23.

On June 5, Richard D. Kinder, executive chairman and 10% owner of Kinder Morgan Inc. (KMI), paid $3,999,000 to buy 100,000 shares for $39.99 per share. After that trade, the price of the stock increased by 0.9%.

After this buy, the insider holds a total of 233,812,353 shares and is the main holder of the company with 10.78% of outstanding shares.

The price of the company rose by 15% over the last 12 months and is now trading with a very high P/E(ttm) ratio of 46.10. Based on the DCF model, the company looks overpriced by 211%; its fair value is $12.98 and the current price is $40.

On June 5, Tencent Holdings Ltd, 10% owner of Glu Mobile Inc (GLUU), paid $51,000,000 to buy 8,500,000 shares for $6.00 per share. After that trade, the price of the stock increased by 10.7%.

During the month of June, another insider, Niccolo de Masi (President and CEO) sold 457,408 shares at the price of $6.44, as can be seen on the company’s insiders page.

The stock price rose by 82% over the last 12 months and is now trading with a very high P/E(ttm) ratio of 80.60. Based on the DCF model, the company looks overpriced by 467%; its fair value is $1.18 and the current price is $6.6.

On June 1 and 3, Wayne B. Hughes, director of American Homes 4 Rent (AMH), paid a total of $16,805,210 to buy 1,000,000 shares of AMH at $16.76 per share. After that trade, the price of the stock declined by about 2%.

The price of the company declined by 7% over the last 12 months and is now trading with a P/B ratio of 1.00.

On June 2, Kevin C. Tang, director and 10% owner of Heron Therapeutics Inc (HRTX), paid $3,093,000 to buy 150,000 shares of HRTX for $20.62 per share. After that trade, the price of the stock rose by 26.0%.

Another insider, Kimberly Manhard, (director of the company) sold 13,208 shares at the price of $23.09, as can be seen on the company’s insiders page.

The price of the company rose by 151% over the last 12 months and is now trading with a P/B ratio of 16.30.

On June 2, Gregory L. Summe, director of LMI Aerospace Inc (LMIA), paid $2,000,000 to buy 200,000 shares of LMIA for $10.00 per share. After that trade, the price of the stock didn’t face any change.

Another insider, director Ronald S. Saks, sold 200,000 shares at the price of $10, as can be seen on the company’s insiders page.

The price of the company dropped by 29% over the last 12 months and is now trading with a P/B(ttm) ratio of 1.10. Based on the Peter Lynch value, the company looks overpriced by 50%: its fair value is $5.44 and the current price is $10.