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Monday 6/9 Insider Buying Report: NRP, TCBI

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 Wednesday, Natural Resources Partners L.P. ( NRP )'s Director, Corbin J. Robertson III, made a $268,787 purchase of NRP, buying 20,000 shares at a cost of $13.44 each. So far Robertson III is in the green, up about 14.0% on their purchase based on today's trading high of $15.32. Natural Resources Partners L.P. is trading up about 9% on the day Monday. This buy marks the first one filed by Robertson III in the past twelve months.

And on Friday, CEO C. Keith Cargill bought $267,200 worth of Texas Capital Bancshares ( TCBI ), buying 5,000 shares at a cost of $53.44 a piece. This purchase marks the first one filed by Cargill in the past twelve months. Texas Capital Bancshares is trading up about 2.6% on the day Monday.

VIDEO: Monday 6/9 Insider Buying Report: NRP, TCBI

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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