Jun 17, 2016

Posted by in Stock Reports | 0 Comments

Insider Buys Are Telling Something: UDR, Inc. (NYSE:UDR), Phillips 66 (NYSE:PSX), Signet Jewelers Ltd. (NYSE:SIG)

Insider Buys Are Telling Something: UDR, Inc. (NYSE:UDR), Phillips 66 (NYSE:PSX), Signet Jewelers Ltd. (NYSE:SIG)

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 June 10, 2016 which involved KLINGBEIL JAMES D, a Director at UDR, Inc. (NYSE:UDR), who acquired 30 shares at $33.68 per share to put the total holding at 166,333 shares. Its shares currently owned by company management are 1.10%. The 6-month change recorded in total insider ownership was -0.27%. On the other side, 1.82% change in total institutional ownership has been reported for the 3-month period.

Phillips 66 (NYSE:PSX) saw an insider buy stock in the company on June 13. Loomis William R Jr, director of the company, bought 12,680 shares for $78.87 per share worth a total of $1,000,011. After this insider buying, Loomis William R Jr now has a total stake of 12,680 shares in the company. Its shares currently owned by company management are 0.10% while institutional investors own about 72.70%. On the other side, -0.63% change in total institutional ownership has been reported for the 3-month period.

Signet Jewelers Ltd. (NYSE:SIG) also received some insider trading action as JENKINS MARK ANDREW, who is the company’s Chief Corp Gov/Corp Secretary added some 325 shares at a price of $84.75 per share to the holding that now comprises of 14,639 shares. Its shares currently owned by company management are 0.20% while institutional investors own about 95.50%. The 6-month change recorded in total insider ownership was 3.16%. On the other side, -2.46% change in total institutional ownership has been reported for the 3-month period.

 

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