Friday 8/14 Insider Buying Report: DFH, TNC
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 Dream Finders Homes, a filing with the SEC revealed that on Thursday, Richard Beckwitt bought 90,000 shares of DFH, at a cost of $14.05 each, for a total investment of $1.26M. So far Beckwitt is in the green, up about 13.9% on their buy based on today's trading high of $16.00. Dream Finders Homes is trading up about 6% on the day Friday.
And at Tennant, there was insider buying on Wednesday, by Donal L. Mulligan who bought 8,000 shares at a cost of $67.34 each, for a trade totaling $538,720. Before this latest buy, Mulligan made one other buy in the past twelve months, purchasing $504,130 shares for a cost of $63.02 a piece. Tennant is trading up about 3.5% on the day Friday. So far Mulligan is in the green, up about 4.0% on their buy based on today's trading high of $70.00.
VIDEO: Friday 8/14 Insider Buying Report: DFH, TNC 