Monday 3/31 Insider Buying Report: CLDT, ALG


Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Wednesday, Chatham Lodging Trust ( CLDT )'s CEO, Jeffrey H. Fisher, made a $102,600 buy of CLDT, purchasing 5,000 shares at a cost of $20.52 each. Bargain hunters can pick up CLDT even cheaper than Fisher did, with the stock changing hands as low as $20.07 in trading on Monday which is 2.2% under Fisher's purchase price. Chatham Lodging Trust is trading up about 0.6% on the day Monday. Before this latest buy, Fisher made one other purchase in the past twelve months, buying $4,610 shares for a cost of $18.44 each.

And on Friday, Director Roderick R. Baty purchased $101,540 worth of Alamo Group ( ALG ), purchasing 2,000 shares at a cost of $50.77 a piece. Alamo Group is trading up about 3.4% on the day Monday. So far Baty is in the green, up about 5.2% on their purchase based on today's trading high of $53.39.

Monday 3/31 Insider Buying Report: CLDT, ALG VIDEO: Monday 3/31 Insider Buying Report: CLDT, ALG

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

Referenced Stocks: CLDT , ALG

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