Jun 14, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Buying These Shares: Apollo Investment Corp. (NASDAQ:AINV), Hartford Financial Services (NYSE:HIG), Retail Properties of America (NYSE:RPAI)

Insiders Are Buying These Shares: Apollo Investment Corp. (NASDAQ:AINV), Hartford Financial Services (NYSE:HIG), Retail Properties of America (NYSE:RPAI)

As a general rule, insider buying shows management’s confidence in the company, and is considered a bullish sign—in other words a sign that stock prices are likely to go up. Conversely, insider selling is considered bearish—those in the know may be off loading their stocks in an expectation that prices will soon fall. So it pays to keep an eye on the activities of insiders.

Studies have shown that prompt and timely dissemination of insider transactions are profitable for investors, as insiders tend to beat the market. The odds in favor of an insider purchase being followed by further purchases are three times greater than the odds of a purchase followed by a sale.

Moving on to the first insider trade June 10, 2016 which involved Ackermann Hilary E., a Director at Apollo Investment Corp. (NASDAQ:AINV), who acquired 4,000 shares at $5.47 per share to put the total holding at 4,000 shares. Its shares currently owned by company management are 10.73% while institutional investors own about 42.50%. The 6-month change recorded in total insider ownership was 0.04%. On the other side, -6.85% change in total institutional ownership has been reported for the 3-month period.

Hartford Financial Services Group Inc (NYSE:HIG) saw an insider buy stock in the company on June 06. RENYI THOMAS A, Director of the company, bought 1,965 shares for $44.63 per share worth a total of $87,688. After this insider buying, RENYI THOMAS A now has a total stake of 40,265 shares in the company. Its shares currently owned by company management are 0.10% while institutional investors own about 92.20%. The 6-month change recorded in total insider ownership was -1.80%. On the other side, -0.86% change in total institutional ownership has been reported for the 3-month period.

Retail Properties of America Inc (NYSE:RPAI) also received some insider trading action as Biumi Bonnie, who is the company’s Director added some 2,000 shares at a price of $16.24 per share to the holding that now comprises of 15,209 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 82.40%. The 6-month change recorded in total insider ownership was 0.29%.

 

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