Written by MarketBeat Staff
April 25, 2024
An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believes that the company is headed. If a number of insiders purchase more shares of their company, they may believe that the company will have strong future earnings and that the share price will increase in the near future.
For example, if Microsoft's CEO, CFO and COO all recently purchased additional shares of Microsoft stock, that would be an indication that there could be unreported news that may positively effect Microsoft's stock price in the near future.
This slideshow lists the 15 companies that have had the highest levels of insider buying within the last 180 days.
#1 - Babcock & Wilcox Enterprises (NYSE:BW)
- Dollar Amount of Shares Purchased
- $392,953.15
- Number of Insider Purchases in the Last 180 Days
- 10
- Volume of Shares Purchased
- 349,915
- Who Bought Shares
- Alan B Howe (Director), B Riley Financial, Inc (Major Shareholder), Christopher S Riker (SVP), Henry E Bartoli (Director), Joseph A Tato (Director), Kenneth M Young (CEO), Louis Salamone Jr (CFO) and Philip D Moeller (Director)
About Babcock & Wilcox Enterprises
Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.
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#2 - Community Trust Bancorp (NASDAQ:CTBI)
- Dollar Amount of Shares Purchased
- $296,761.51
- Number of Insider Purchases in the Last 180 Days
- 15
- Volume of Shares Purchased
- 7,423
- Who Bought Shares
- Andy D Waters (EVP), David I Tackett (EVP), Franky Minnifield (Director), Jefferson F Sandlin (Director), Kevin J Stumbo (CFO), Mark A Gooch (CEO), Mark Edward Smith (EVP) and Richard W Newsom (President)
About Community Trust Bancorp
Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.
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- Dollar Amount of Shares Purchased
- $1,003,659.85
- Number of Insider Purchases in the Last 180 Days
- 12
- Volume of Shares Purchased
- 72,697
- Who Bought Shares
- Angela Jackson (Director), Francis Orfanello (Director), Hope Pascucci (Director), Jean-Pierre Lapointe (CFO), Joseph P Campanelli (CEO), Joseph R Nolan Jr (Director), Muhammad Raza (Director) and Paul A Evangelista (EVP)
About NB Bancorp
NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.
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#4 - Rocky Mountain Chocolate Factory (NASDAQ:RMCF)
- Dollar Amount of Shares Purchased
- $755,458.78
- Number of Insider Purchases in the Last 180 Days
- 21
- Volume of Shares Purchased
- 185,624
- Who Bought Shares
- A Allen Arroyo (CFO), Andrew Ford (VP), Brett P Seabert (Director), Global Value Investment Corp (Major Shareholder), Jeffrey Richart Geygan (Director), Kara L Conklin (VP), Robert J Sarlls (CEO) and Starlette B Johnson (Director)
About Rocky Mountain Chocolate Factory
Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.
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#5 - Mid Penn Bancorp (NASDAQ:MPB)
- Dollar Amount of Shares Purchased
- $196,622.64
- Number of Insider Purchases in the Last 180 Days
- 10
- Volume of Shares Purchased
- 9,598
- Who Bought Shares
- Bruce A Kiefer (Director), Frank Gumina Jr (Director), Joel L Frank (Director), John E Noone (Director), Rory G Ritrievi (CEO), Soto Matthew G De (Director) and Theodore W Mowery (Director)
About Mid Penn Bancorp
Mid Penn Bancorp, Inc operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts.
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- Dollar Amount of Shares Purchased
- $9,291,569.26
- Number of Insider Purchases in the Last 180 Days
- 20
- Volume of Shares Purchased
- 9,628,015
- Who Bought Shares
- Elias A Zerhouni (Vice Chairman), Gary J Nabel (Insider), Jane Ph D Hsiao (Vice Chairman), Phillip Md Et Al Frost (CEO), Richard C Pfenniger Jr (Director), Richard M Krasno (Director) and Steven D Rubin (VP)
About OPKO Health
OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals businesses in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates BioReference Laboratories that offers laboratory testing services for the detection, diagnosis, evaluation, monitoring, and treatment of diseases, including esoteric testing, molecular diagnostics, anatomical pathology, genetics, women's health, and correctional healthcare to physician offices, clinics, hospitals, employers, and governmental units; and 4Kscore prostate cancer test.
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#7 - Columbia Banking System (NASDAQ:COLB)
- Dollar Amount of Shares Purchased
- $719,737.43
- Number of Insider Purchases in the Last 180 Days
- 7
- Volume of Shares Purchased
- 35,133
- Who Bought Shares
- Aaron James Deer (Insider), Christopher Merrywell (VP), Clint Stein (CEO), Elizabeth Whitehead Seaton (Director), John F Schultz (Director), Luis Machuca (Director) and Ron L Farnsworth (CFO)
About Columbia Banking System
Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.
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- Dollar Amount of Shares Purchased
- $669,587.39
- Number of Insider Purchases in the Last 180 Days
- 10
- Volume of Shares Purchased
- 29,917
- Who Bought Shares
- Gregory B Lykins (Director), Jeffrey David Jones (CFO), Karen M Jensen (Director), Monica L Bowe (EVP), Scott A Phillips (Insider), Stanley J Bradshaw (Director) and Van A Dukeman (CEO)
About First Busey
First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech.
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#9 - CION Investment (NYSE:CION)
- Dollar Amount of Shares Purchased
- $78,823.89
- Number of Insider Purchases in the Last 180 Days
- 7
- Volume of Shares Purchased
- 7,253
- Who Bought Shares
- Eric A Pinero (Insider), Gregg A Bresner (Insider), Mark Gatto (CEO), Michael A Reisner (CEO), Peter I Finlay (Director) and Stephen Roman (Insider)
About CION Investment
CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.
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#10 - Darling Ingredients (NYSE:DAR)
- Dollar Amount of Shares Purchased
- $1,048,564.40
- Number of Insider Purchases in the Last 180 Days
- 7
- Volume of Shares Purchased
- 24,288
- Who Bought Shares
- Charles L Adair (Director), Joseph Manzi (CAO), Kurt Stoffel (Director), Matthew J Jansen (COO), Patrick Mcnutt (EVP) and Robert W Day (EVP)
About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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#11 - Farmers National Banc (NASDAQ:FMNB)
- Dollar Amount of Shares Purchased
- $44,584.18
- Number of Insider Purchases in the Last 180 Days
- 10
- Volume of Shares Purchased
- 3,457
- Who Bought Shares
- Amber B Wallace (SVP), Andre Thornton (Director), Anne Frederick Crawford (Director), Gina A Richardson (Director), Kevin J Helmick (CEO) and Mark J Wenick (EVP)
About Farmers National Banc
Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services.
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#12 - Pagaya Technologies (NASDAQ:PGY)
- Dollar Amount of Shares Purchased
- $2,012,373.19
- Number of Insider Purchases in the Last 180 Days
- 6
- Volume of Shares Purchased
- 194,807
- Who Bought Shares
- Avi Zeevi (Director), Avital Pardo (CTO), Gal Krubiner (CEO), Sanjiv Das (President), Tami Rosen (Insider) and Yahav Yulzari (CRO)
About Pagaya Technologies
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.
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#13 - Synchronoss Technologies (NASDAQ:SNCR)
- Dollar Amount of Shares Purchased
- $727,389.62
- Number of Insider Purchases in the Last 180 Days
- 11
- Volume of Shares Purchased
- 156,350
- Who Bought Shares
- B Riley Financial, Inc (Major Shareholder), Jeffrey George Miller (CEO), Kevin Rendino (Director), Kristin S Rinne (Director), Laurie Harris (Director) and Lou Ferraro (CFO)
About Synchronoss Technologies
Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.
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#14 - UL Solutions (NYSE:ULS)
- Dollar Amount of Shares Purchased
- $5,599,916.00
- Number of Insider Purchases in the Last 180 Days
- 6
- Volume of Shares Purchased
- 199,997
- Who Bought Shares
- James M Shannon (Director), Jennifer F Scanlon (CEO), Karen K Pepping (CAO), Linda S Chapin (EVP), Ryan D Robinson (CFO) and Weifang Zhou (Insider)
About UL Solutions
UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.
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- Dollar Amount of Shares Purchased
- $40,253.62
- Number of Insider Purchases in the Last 180 Days
- 16
- Volume of Shares Purchased
- 1,124
- Who Bought Shares
- Alexandra C Chiaruttini (CAO), Joseph Thomas Hand (CEO), Mark S Snyder (VP), Matthew E Poff (CFO), Steven R Rasmussen (Director) and Vernon L Bracey (VP)
About York Water
The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.
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#16 - TrustCo Bank Corp NY (NASDAQ:TRST)
- Dollar Amount of Shares Purchased
- $122,447.44
- Number of Insider Purchases in the Last 180 Days
- 7
- Volume of Shares Purchased
- 4,432
- Who Bought Shares
- Eric W Schreck (EVP), Frank B Silverman (Director), Kevin M Curley (COO), Michael James Hall (General Counsel) and Robert J Mccormick (CEO)
About TrustCo Bank Corp NY
TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities.
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