May 12, 2016

Posted by in Stock Reports | 0 Comments

Insider Buys Are Telling Something: Fiesta Restaurant Group Inc (NASDAQ:FRGI), Mallinckrodt PLC (NYSE:MNK), Oceaneering International (NYSE:OII)

Insider Buys Are Telling Something: Fiesta Restaurant Group Inc (NASDAQ:FRGI), Mallinckrodt PLC (NYSE:MNK), Oceaneering International (NYSE:OII)

Insider Trading is the buying or selling of a security by someone who has access to material, nonpublic information about the security. Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.

It isn’t a coincidence that corporate executives seem to always buy and sell at the right times. After all, the CEOs and CFOs of the world have access to every bit of company information you could ever want. This kind of information is extremely valuable to individual investors. For example, if insiders are buying shares in their own companies, they usually know something that normal investors do not. They might buy because they see great potential, a merger, acquisition or simply because they think their stock is undervalued.

Moving on to the first insider trade May 11, 2016 which involved MEISENHEIMER DANNY K, a COO, Pollo Tropical at Fiesta Restaurant Group Inc (NASDAQ:FRGI), who acquired 3,000 shares at $26.31 per share to put the total holding at 26,814 shares. Its shares currently owned by company management are 2.10% while institutional investors own about 97.50%. The 6-month change recorded in total insider ownership was -1.55%. On the other side, 5.09% change in total institutional ownership has been reported for the 3-month period.

Mallinckrodt PLC (NYSE:MNK) saw an insider buy stock in the company on May 10. Harbaugh Matthew K, Sr. VP & CFO of the company, bought 500 shares for $59.37 per share worth a total of $29,684. After this insider buying, Harbaugh Matthew K now has a total stake of 56,036 shares in the company. Its shares currently owned by company management are 0.60% while institutional investors own about 92.60%. The 6-month change recorded in total insider ownership was 0.23%. On the other side, 2.02% change in total institutional ownership has been reported for the 3-month period.

Oceaneering International (NYSE:OII) also received some insider trading action as BARRETT STEPHEN P, who is the company’s Sr. V.P., Subsea Products added some 1,000 shares at a price of $32.80 per share to the holding that now comprises of 21,018 shares. Its shares currently owned by company management are 1.00% while institutional investors own about 99.00%. The 6-month change recorded in total insider ownership was 0.31%. On the other side, 0.88% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

Comments are closed.