Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
And at Dorian LPG ( LPG ), there was insider buying on Wednesday, by Director Ted Kalborg who purchased 20,000 shares at a cost of $10.20 each, for a total investment of $204,000. Dorian LPG is trading up about 2.2% on the day Monday. So far Kalborg is in the green, up about 12.0% on their purchase based on today's trading high of $11.42.