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Friday 2/10 Insider Buying Report: KRP, LCI

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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.

At Kimbell Royalty Partners LP ( KRP ), a filing with the SEC revealed that on Wednesday, Director Ted Collins Jr. purchased 16,666 shares of KRP, for a cost of $18.00 each, for a total investment of $299,988. So far Collins Jr. is in the green, up about 11.6% on their buy based on today's trading high of $20.09. Kimbell Royalty Partners LP is trading up about 0.4% on the day Friday. This purchase marks the first one filed by Collins Jr. in the past twelve months.

And at Lannett ( LCI ), there was insider buying on Monday, by CEO Arthur P. Bedrosian who bought 10,000 shares for a cost of $20.00 each, for a total investment of $200,000. This purchase marks the first one filed by Bedrosian in the past year. Lannett is trading trading flat on the day Friday. Bedrosian was up about 8.5% on the buy at the high point of today's trading session, with LCI trading as high as $21.70 in trading on Friday.

VIDEO: Friday 2/10 Insider Buying Report: KRP, LCI

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


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

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