The largest Insider Buys this week were for NextEra Energy Partners LP (NEP, Financial), Alder BioPharmaceuticals Inc. (ALDR, Financial), Tile Shop Holdings Inc. (TTS, Financial) and Calumet Specialty Products Partners LP (CLMT, Financial).
NextEra Energy Partners LP (NEP, Financial): President of GP Armando Pimentel Jr. bought 5,000 shares
President of GP Armando Pimentel Jr. bought 5,000 shares of NextEra Energy Partners LP stock on July 14 at the average price of $38.23. The price of the stock has increased by 0.31% since.
NextEra Energy Partners LP is an American Fortune 200 energy company with around 44,900 megawatts of generating capacity. The company purchases, owns and operates wind and solar power projects in North America, including in Palo Duro Canyon, Conestogo, Ontario and Dewey County, Oklahoma. The company has a market cap of $2.08 billion, and as of July 21 it traded at $38.35.
On April 21, NextEra Energy Partners LP reported first quarter 2017 financial results. The company had a distribution increase of 15% year over year, and increased its quarterly dividend to 36.5 cents per common unit. Furthermore, the company also announced an agreement to acquire an approximately 250-megawatt wind energy center from NextEra Energy Resources.
Alder BioPharmaceuticals Inc. (ALDR, Financial): Director Stephen M. Dow bought 25,000 shares
Director Stephen M. Dow bought 25,000 shares of Alder BioPharmaceuticals stock on July 18 at the average price of $10. The price of the stock has increased by 15% since.
Alder BioPharmaceuticals Inc. is an American clinical stage pharmaceutical development company that specializes in monoclonal antibodies. The company is best known for their monoclonal antibody epinezumab, which is now in its second phase III trial for migraine prevention and is the only anti-CGRP monoclonal antibody of its kind. The company has a market cap of $778.1 million, and as of July 21 it traded at $11.50.
On July 18, Alder BioPharmaceuticals Inc. announced the closing of its previously announced public offering of common stock at a public offering price of $10.00 per share. Net proceeds from the offering of an aggregate of 17.25 million shares were approximately 161.5 million, after underwriting discounts and commissions. The company intends to use the net proceeds to fund the continued development of eptinezumab.
Tile Shop Holdings Inc. (TTS, Financial): Director Peter H. Kamin bought 159,000 shares
Director Peter H. Kamin bought 159,000 shares of Tile Shop Holdings stock on July 20 at the average price of $14.43. The price of the stock has decreased by 3.33% since.
Tile Shop Holdings Inc. is an American specialty retailer of manufactured and natural stone tiles, setting, and maintenance materials. The company offers approximately 4,000 products made from a diverse range of materials such as glass, cement, metal and marble. The company owns the Rush River, Fired Earth and Superior brand names. The company has a market cap of $723.4 million, and as of July 21 it traded at $13.95.
On July 18 Tile Shop Holdings Inc. announced that its board of directors has declared a quarterly dividend of 5 cents per common share. The dividend is payable Aug. 15 to shareholdrs of record at the close of business on Aug. 1.
Calumet Specialty Products Partners LP (CLMT, Financial): Executive Vice President and CFO David West Griffin bought 9,969 shares
Executive Vice President and CFO David West Griffin bought 800 shares of Calumet Specialty Products Partners stock on July 20 at the average price of $4.49. The price of the stock has increased by 14.7% since.
Calumet Specialty Products Partners LP is an American manufacturing and refining company that specializes in the production of high-quality specialty hydrocarbon and fuel products. Specifically, the company specializes in the manufacturing of naphthenic and paraffin oils as well as aliphatic solvents and paraffin waxes. The company has a market cap of $394.97 million, and as of July 21 it traded at $5.15.
On May 9 Calumet Specialty Products Partners LP announced the launch of CALTRAN 60-00 Group U, the company’s first uninhibited transformer oil. The product is a naphthenic transformer oil that has been specifically engineered by the company’s product development group to meet the Internal Standard IEC Specifications for uninhibited transformer oil. The product contains no additives and provides superior protection for electrical equipment.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
