S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Insider Buying Slows to a Crawl as Earnings Season Takes Off

Photo of Lee Jackson
By Lee Jackson Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

coins
Thinkstock
If there was ever a way to determine what time it is on Wall Street, just take a glance at insider activity. With first-quarter earnings reporting season in full swing, the window for buyers and sellers of stocks are slamming shut as companies release the quarter results to the financial press and media. While not everybody reports on a standard calendar year, the lion’s share of companies do, so the insider action becomes very quiet.

We cover insider buying every week at 24/7 Wall St., and for most of this year insider buying has remained very consistent, which is a good overall sign for the stock markets. Insiders who continue to buy the stock of the companies they represent and work for is very bullish.

ALSO READ: The 5 Best DJIA Stocks of 2015 So Far

Here is this week’s shortened list of insider buying.

EV Energy Partners L.P. (NASDAQ: EVEP) had a very significant insider buy a big block of stock this week, and shareholders will be encouraged. The executive chairman of the company scooped up 300,000 shares of the company stock at prices that ranged from $13.92 to $14.36. That cost him a rich $4.28 million. The stock was trading on Friday’s close at $16.42, so a very well-timed purchase.

Famous Dave’s of America Inc. (NASDAQ: DAVE) hits our screens for the second week in a row, as 10% owner LionEye Capital Management returned to the buy desk and bought an additional 21,000 shares at prices that ranged from $27.69 to $28.76. The total buy came to $595,000. The company develops, owns, operates and franchises restaurants under the Famous Dave’s name. The stock ended trading Friday at $28.94, so another good buy.

Calamos Asset Management Inc. (NASDAQ: CLMS) had somebody right at the top buying stock this past week. The chief executive of the money management firm bought 25,000 shares of the company stock at prices that ranged from $12.45 to $12.50. The total buy came to $311,000. Shares were changing hands at $12.44 on Friday’s close.

Alico Inc. (NASDAQ: ALCO) shows up again this week. Delta Offshore Management II bought an additional 12,000 shares of the very thinly traded stock this week at prices between $50.79 and $51.79. The total for the purchase came to $627,000. Alico, together with its subsidiaries, operates as an agribusiness and land management company in the United States. Shares ended the week at $49.61.

ALSO READ: 5 Top UBS Quality Growth at a Reasonable Price Dividend Stocks to Buy

While this week and the rest of the month may be slow, investors can bet that when the buying and selling windows open up again, the volume will pick back up smartly.

Photo of Lee Jackson
About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

Continue Reading

Lee Jackson |

Insider Buying Stays Steady as Q2 Kicks Off

The start of the second quarter means earnings season and possibly the shutdown of the window for insiders to buy…
Lee Jackson |

Big Franchise Restaurant Purchase Highlights Recent Insider Buying

With the first half of the trading year almost over and second-quarter earnings season right around the corner, it is…
Lee Jackson |

Insider Buying Massive This Week as Market Roller Coaster Continues

The windows for insiders to buy and sell stock sure look like they came flying open this week, as insiders…
Lee Jackson |

Insiders Still Buying Shares During Holiday-Shortened Trading Week

With the markets hitting all-time highs, and the window for adding stock in 2014 starting to close fast, some 10%…
Lee Jackson |

Huge Energy Insider Buy Highlights Short Trading Week

With traders taking the day off to celebrate the Good Friday market holiday, insiders had a shortened trading week to…
Lee Jackson |

Insiders Continue to Buy Stock as Market Sells Off

The stock market has started 2015 down as early earnings have disappointed and oil continues to plunge. It is a…
Lee Jackson |

Insider Buying Strong as Top Executives Pounce on Beaten Down Shares

Whether insiders are diving for beaten-down shares or just adding to existing holdings, the solid buying we saw this week…
Lee Jackson |

Insider Buying Stays Steady as Market Pushes Higher

More and more we are noticing buyers of some energy and industrial names that have lagged the overall market gains.…
Lee Jackson |

Massive Insider Buying in Big Oil and Tech Highlights Wild Market Week

In a very bullish note for the markets, insider buying volume was significantly higher than insider selling this past week.…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618