Thursday 6/12 Insider Buying Report: OFIX, MVC


As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

On Tuesday, Orthofix International ( OFIX )'s Chief Financial Officer, Mark A. Heggestad, made a $455,454 purchase of OFIX, buying 13,696 shares at a cost of $33.25 each. Orthofix International is trading up about 2.1% on the day Thursday. This purchase marks the first one filed by Heggestad in the past year.

And on Wednesday, Director Robert C. Knapp bought $298,169 worth of MVC Capital ( MVC ), buying 24,008 shares at a cost of $12.42 a piece. Before this latest buy, Knapp purchased MVC at 7 other times during the past year, for a total cost of $1.99M at an average of $13.89 per share. MVC Capital is trading up about 0.2% on the day Thursday.

Thursday 6/12 Insider Buying Report: OFIX, MVC VIDEO: Thursday 6/12 Insider Buying Report: OFIX, MVC

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: OFIX , MVC

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