According to the Insider Cluster Buys Screen, a Premium feature of GuruFocus, five stocks with high insider buys over the past two months include Primis Financial Corp. (FRST, Financial), James River Group Holdings Ltd. (JRVR, Financial), Reservor Media Inc. (RSVR, Financial), Utz Brands Inc. (UTZ, Financial) and Inotiv Inc. (NOTV, Financial).
Legendary Fidelity Magellan Fund manager Peter Lynch said that while company insiders may sell shares for several reasons, insiders usually buy shares only when they believe their stock is set to appreciate in value.
GuruFocus’ Insider Cluster Buys page lists the stocks that have a high number of insider buys over a set period of time, including the past month, past two months and the past three months. The page tracks the total number of insider buys and also the number of unique insider buys: The former lists the total number of buy transactions from insiders, while the latter number focuses on the number of different insiders buying shares.
Shares of Primis Financial traded around $14.18, showing the stock is fairly valued based on Friday’s price-to-GF Value ratio of 0.94.
James River Group Holdings
Shares of James River Group traded around $21.24, showing the stock is significantly undervalued based on Friday’s price-to-GF Value ratio of 0.62.
The New York-based music company went public via a special purpose acquisition company in July 2021. According to GuruFocus, Reservor Media’s cash-to-debt and interest coverage ratios underperform more than 84% of global competitors.
The Hanover, Pennsylvania-based company manufactures a wide range of snacks, including potato chips, pretzels and cheese snacks. According to GuruFocus, Utz has a solid Piotroski F-score of 6 despite a weak Altman Z-score of 0.96 and interest coverage and debt ratios that underperform more than 85% of global competitors.
Shares of Inotiv traded around $23.76, showing the stock is significantly overvalued based on Friday’s price-to-GF Value ratio of 2.29.
The West Lafayette, Indiana-based company provides nonclinical and analytical drug discovery and development services to the pharmaceutical and chemical industries. According to GuruFocus, Inotiv’s cash-to-debt ratio of 0.15 underperforms more than 85% of global competitors.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.