Jun 6, 2016

Posted by in Stock Reports | 0 Comments

Insider Buys Are Telling Something: Tempur Sealy International Inc (NYSE:TPX), Bank Of The Ozarks Inc (NASDAQ:OZRK), Violin Memory Inc (NYSE:VMEM)

Insider Buys Are Telling Something: Tempur Sealy International Inc (NYSE:TPX), Bank Of The Ozarks Inc (NASDAQ:OZRK), Violin Memory Inc (NYSE:VMEM)

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 31, 2016 which involved Rao Bhaskar, a CAO & SVP Finance at Tempur Sealy International Inc (NYSE:TPX), who acquired 8,450 shares at $58.98 per share to put the total holding at 9,026 shares. Its shares currently owned by company management are 1.20% while institutional investors own about 28.70%. The 6-month change recorded in total insider ownership was 235.87%. On the other side, 53.02% change in total institutional ownership has been reported for the 3-month period.

Bank Of The Ozarks Inc (NASDAQ:OZRK) saw an insider buy stock in the company on June 31, CISNE RICHARD L, director of the company, bought 4,100 shares for $39.14 per share worth a total of $8,638,572. After this insider buying. CISNE RICHARD L now has a total stake of 83,005 shares in the company. Its shares currently owned by company management are 2.30% while institutional investors own about 91.40%. On the other side, 6.92% change in total institutional ownership has been reported for the 3-month period.

Violin Memory Inc (NYSE:VMEM) also received some insider trading action as LISTWIN DONALD J, who is the company’s Director added some 500,000 shares at a price of $0.49 per share to the holding that now comprises of 2,836,000 shares. Its shares currently owned by company management are 1.50% while institutional investors own about 28.40%. The 6-month change recorded in total insider ownership was 182.15%. On the other side, -16.10% change in total institutional ownership has been reported for the 3-month period.

 

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