Bullish Insiders: Top 5 Insider Buys At Companies Reporting Earnings Next Week

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(List compiled by Eben Esterhuizen, CFA)

With earnings season coming to an end, there's bound to be a few reporting companies that'll blow away analyst expectations.

But how do you identify the companies that might report significant earnings surprises? 

One way is to look at what insider executives are doing--if they are using their own money to buy the shares of their employers, it may signal that they think earnings estimates are too pessimistic.

To compile this list, we started with a universe of about 200 companies reporting earnings next week. 

We then collected data on insider transactions, and identified the companies that have had the largest increases in insider ownership over the last six months.

These insiders seem to think their companies are being underestimated--will upcoming earnings result reflect insider optimism?

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List sorted by the change in insider ownership. Insider trading data sourced from Yahoo Finance.

1. Myrexis, Inc. (MYRX): The stock has returned -26.76% over the last year. Over the last six months, insider executives were net buyers of 189,900 shares, which represents about 0.78% of the company's float of 24.29M shares. The company is set to report earnings on 08/31.

2. Prospect Capital Corporation (PSEC): The stock has returned 3.% over the last year. Over the last six months, insider executives were net buyers of 128,266 shares, which represents about 0.13% of the company's float of 96.25M shares. The company is set to report earnings on 08/29.

3. Dynavox Inc. (DVOX): The stock has returned -59.45% over the last year. Over the last six months, insider executives were net buyers of 55,000 shares, which represents about 0.59% of the company's float of 9.30M shares. The company is set to report earnings on 08/31.

4. SWS Group Inc. (SWS): The stock has returned -39.44% over the last year. Over the last six months, insider executives were net buyers of 11,000 shares, which represents about 0.04% of the company's float of 27.32M shares. The company is set to report earnings on 08/30.

5. First Clover Leaf Financial Corp. (FCLF): The stock has returned 27.02% over the last year. Over the last six months, insider executives were net buyers of 4,172 shares, which represents about 0.07% of the company's float of 6.31M shares. The company is set to report earnings on 08/31.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: DVOX , FCLF , MYRX , PSEC , SWS

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