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.
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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