Tuesday 7/8 Insider Buying Report: RIVR, KFS


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 Thursday, River Valley Bancorp ( RIVR )'s Sr VP - Retail Banking, Jennifer J. Darnold, made a $3,075 purchase of RIVR, buying 150 shares at a cost of $20.50 each. So far Darnold is in the green, up about 6.8% on their buy based on today's trading high of $21.90. River Valley Bancorp is trading off about 0.1% on the day Tuesday.

And also on Thursday, CEO Larry G. Swets Jr. bought $2,085 worth of Kingsway Financial Services ( KFS ), buying 333 shares at a cost of $6.26 a piece. Before this latest buy, Swets Jr. bought KFS on 12 other occasions during the past year, for a total cost of $47,204 at an average of $3.12 per share. Kingsway Financial Services is trading up about 0.2% on the day Tuesday. Investors are able to buy KFS at a price even lower than Swets Jr. did, with shares changing hands as low as $6.01 at last check today -- that's 4.0% under Swets Jr.'s purchase price.

Tuesday 7/8 Insider Buying Report: RIVR, KFS VIDEO: Tuesday 7/8 Insider Buying Report: RIVR, KFS

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: RIVR , KFS

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