Insider Buying Stays Solid Despite Roller-Coaster Market Week

We cover insider buying every week at 24/7 Wall St., and investors are urged to check their current holdings to see if any of the insiders and 10% holders adding to their stock holdings match. With the stock market still the only real place to be given the historically low yields, insider buying remains a bullish indicator.

Here is last week’s top insider buying activity.

Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) had a very influential 10% owner step up to the plate and add more stock. Leon Cooperman and his highly respected hedge fund, Omega Advisors, added a large block of 224,107 shares, at prices that ranged wildly from $39.42 to $47.47. The total buy came to a tidy $9.0 million. While the report was filed this week, it appears as though Cooperman actually bought the stock back in December. That makes more sense as shares ended trading Friday at $21.29.

ALSO READ: 5 Stocks Under $5 With Gigantic Potential Upside

Atlas Energy L.P. (NYSE: ATLS) is another company that Cooperman’s firm bought stock in. The company acquired a block of 144,000 shares at $27.31. The total purchase came to $3.9 million. The company develops and produces natural gas, crude oil and natural gas liquids in basins across the United States. It also sponsors and manages tax-advantaged investment partnerships. The shares closed Friday at $28.90.

eHealth Inc. (NASDAQ: EHTH) saw a 10% individual owner, James Flynn, come in and buy a massive 1 million share block of the stock at $20.30 apiece. The total for the purchase came to $20.3 million. The stock gapped down huge last week, and the buy was a touch early. Shares were trading at $10.98 on Friday’s close.

A.M. Castle & Cos. (NYSE: CAS) had two 10% owners buy stock this past week. They bought a total of 214,177 shares at prices that ranged from $5.72 to $5.95. The total purchase came to $1.2 million. A.M. Castle, together with its subsidiaries, operates as a specialty metals and plastics distribution company. Shares ended the week at $6.02.

Worthington Industries Inc. (NYSE: WOR) saw four directors at the company and a vice president buy stock last week. They bought a total of 55,000 shares at prices that ranged from $24.30 to $24.50. The total purchase came to $1.3 million. Worthington is a metals manufacturing company that focuses on value-added steel processing and manufactured metal products in the United States, Europe, Mexico, Canada and elsewhere. Shares closed on Friday at $28.41, so a well-timed buy indeed.

ALSO READ: Top 10 Earnings to Watch in the Coming Week

Other companies that saw insider buying this week include Almost Family Inc. (NASDAQ: AFAM), Delta Air Lines Inc. (NYSE: DAL), Five Prime Therapeutics Inc. (NASDAQ: FPRX), JPMorgan Chase & Co. (NYSE: JPM) and Upland Software Inc. (NASDAQ: UPLD).