The largest Insider Buys this week were for Kinder Morgan Inc. (KMI, Financial), Mellanox Technologies Ltd. (MLNX, Financial), Americold Realty Trust (COLD, Financial), and Liberty Oilfield Services Inc. (LBRT, Financial).
Kinder Morgan Inc. (KMI, Financial): Director William A. Smith bought 5,500 shares
Director of Kinder Morgan Inc. (KMI, Financial) William A. Smith bought 5,500 shares on Jan. 22 at an average price of $19.52.
Kinder Morgan Inc. is an American energy infrastructure company that specializes in owning and controlling oil and natural gas pipelines and terminals. Currently, the company is the largest energy infrastructure company in North America and operates approximately 84,000 miles of pipelines and owns about 180 terminals. The company has a market capitalization of $41.92 billion, and as of Jan. 26 it traded at $18.77.
On Jan. 23, Kinder Morgan Inc. announced the Utopia Pipeline has been placed into service and product delivery of ethane from Harrison County, Ohio, to Windsor, Ontario, Canada, has begun. The pipeline system extends approximately 270 miles and has an initial capacity of 50,000 barrels per day and can be expanded to more than 75,000 barrels per day.
Mellanox Technologies Ltd. (MLNX, Financial): Gregory L. Waters bought 2,500 shares
Gregory L. Waters bought 2,500 shares of MLNX stock on Jan. 22 at the average price of $66.64. The price of the stock has decreased by 1.19% since.
Mellanox Technologies Ltd. is an Israeli supplier of computer networking products that focuses on adapters, switches, software, cables, and silicon for various markets including company data centers, cloud computing, and computer data storage. The company provides its products using InfiniBand and Ethernet technology. The company has a market capitalization of $3.35 billion, and as of Jan. 26 it traded at $65.85.
On Jan. 18 Mellanox Technologies Ltd. reported fourth quarter and full year 2017 financial results. Revenues were $237.6 million in the fourth quarter and $863.9 million for fiscal year 2017. GAAP gross margins were 64.1% in the fourth quarter and 65.2% in fiscal year 2017. GAAP operating loss was $6.7 million or 2.8% of revenue in the fourth quarter and was $17.1 million or 2% of revenue in fiscal year 2017.
Americold Realty Trust (COLD, Financial): Director Bradley J. Gross bought 125,000 shares
Director Bradley J. Gross bought 125,000 shares of COLD stock on Jan. 19 at the average price of $17.4. The price of the stock has increased by 2.01% since.
Americold Realty Trust is an American international real estate investment trust that holds the distinction of being the world’s largest owner and operator of temperature controlled warehouses. The company operates a network of 160 high quality warehouses encompassing 945.3 million cubic feet including 142 warehouses in the U.S. and six warehouses in Australia. The company has a market capitalization of $2.45 billion, and as of Jan. 26 it traded at $17.75.
On Jan. 9 Americold Realty Trust announced the launch of its initial public offering of 24,000,000 common shares. The initial public offering price is expected to be between $14.00 and $16.00 per shares. The company expects to grant the underwriters a 30-day option to purchase up to an additional 3,600,000 common shares.
Liberty Oilfield Services Inc. (LBRT, Financial): Director Ken Babcock bought 58,823 shares
Director Ken Babcock bought 58,823 shares of LBRT stock on Jan. 17 at the average price of $17.00 The price of the stock has increased by 33.24% since.
Liberty Oilfield Services Inc. is an American hydraulic fracturing services company. The company has operated in a variety of locations including the Permian Basin, DJ Basin, Williston Basin, and Powder River Basin. The company focuses on providing solutions in custom fluid systems, perforating strategies, and pressure analysis techniques. The company has a market capitalization of $2.68 billion, and as of Jan. 26 it traded at $17.00.
On Jan 12 Liberty Oilfield Services Inc. announced the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share. The shares began trading on the NYSE the same day. The company also granted the underwriters a 30-day option to purchase up to an additional 1,909,663 shares of its Class A common stock at the initial public offering price. The offering is expected to close on Jan. 17.
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.
