Jun 14, 2016

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Significant Insider Buying Activity: Cheniere Energy, Inc. (NYSEMKT:LNG), Amicus Therapeutics, Inc. (NASDAQ:FOLD), Harte Hanks Inc (NYSE:HHS)

Significant Insider Buying Activity: Cheniere Energy, Inc. (NYSEMKT:LNG), Amicus Therapeutics, Inc. (NASDAQ:FOLD), Harte Hanks Inc (NYSE:HHS)

“Insider trading” is a term that most investors have heard and usually associate with illegal conduct. But the term actually includes both legal and illegal conduct. The legal version is when corporate insiders—officers, directors, and employees—buy and sell stock in their own companies. When corporate insiders trade in their own securities, they must report their trades to the SEC.

“Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise” (Peter Lynch, one of the greatest investors of all time).

Insiders know their industry, in particular the company they are managing.

Insider trading can be profitable only if securities prices move. Therefore, insiders hoping to trade on inside information may try to get the price to move by cutting the company’s costs, seeking new products, and so on. While such actions benefit the insider, they also benefit the firm’s security holders as a group.

No one invests to lose money, so do corporate insiders. They are prevented from buying and selling their company stock within a six-month period: therefore, insiders buy stock when they feel the company will perform well over the long-term.

Moving on to the first insider trade June 06, 2016 which involved Fusco Jack A, a CEO and President at Cheniere Energy, Inc. (NYSEMKT:LNG), who acquired 22,381 shares at $33.51 per share to put the total holding at 22,381 shares. Its shares currently owned by company management are 3.20% while institutional investors own about 95.30%. The 6-month change recorded in total insider ownership was -0.48%. On the other side, -0.38% change in total institutional ownership has been reported for the 3-month period.

Amicus Therapeutics, Inc. (NASDAQ:FOLD) saw an insider buy stock in the company on June 03. Redmile Group, LLC, 10% Owner of the company, bought 66,300 shares for $7.20 per share worth a total of $477,360. After this insider buying, Redmile Group, LLC now has a total stake of 12,956,446 shares in the company. Its shares currently owned by company management are 0.20% while institutional investors own about 97.60%. The 6-month change recorded in total insider ownership was 40.54%. On the other side, 1.18% change in total institutional ownership has been reported for the 3-month period.

Harte Hanks Inc (NYSE:HHS) also received some insider trading action as Lal Shirish R, who is the company’s Chief Operating Officer & CTO added some 14,233 shares at a price of $1.60 per share to the holding that now comprises of 87,917 shares. Its shares currently owned by company management are 2.80% while institutional investors own about 55.00%. The 6-month change recorded in total insider ownership was 1.33%. On the other side, -5.64% change in total institutional ownership has been reported for the 3-month period.

 

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