Thursday 8/7 Insider Buying Report: SFY, LNBB

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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, Swift Energy Company ( SFY )'s CEO, Terry E. Swift, made a $219,382 buy of SFY, purchasing 20,000 shares at a cost of $10.97 each. So far Swift is in the green, up about 4.3% on their purchase based on today's trading high of $11.44. Swift Energy Company is trading off about 1.1% on the day Thursday. Before this latest buy, Swift made one other purchase in the past twelve months, buying $141,080 shares at a cost of $14.11 a piece.

And at LNB Bancorp ( LNBB ), there was insider buying on Wednesday, by Director James R. Herrick who bought 16,084 shares at a cost of $12.00 each, for a total investment of $193,008. Before this latest buy, Herrick bought LNBB on 3 other occasions during the past year, for a total investment of $610,435 at an average of $10.46 per share. LNB Bancorp is trading up about 0.6% on the day Thursday. So far Herrick is in the green, up about 5.0% on their purchase based on today's trading high of $12.60.

Thursday 8/7 Insider Buying Report: SFY, LNBB VIDEO: Thursday 8/7 Insider Buying Report: SFY, LNBB



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: SFY , LNBB

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