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Thursday 12/15 Insider Buying Report: NCT, HCI

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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 Newcastle Investment ( NCT ), a filing with the SEC revealed that on Wednesday, Director Wesley R. Edens purchased 2,172,000 shares of NCT, for a cost of $4.15 each, for a total investment of $9.01M. Edens was up about 3.6% on the purchase at the high point of today's trading session, with NCT trading as high as $4.30 in trading on Thursday. Newcastle Investment is trading up about 0.7% on the day Thursday. This buy marks the first one filed by Edens in the past twelve months.

And at HCI Group ( HCI ), there was insider buying on Monday, by Director Martin A. Traber who bought 6,000 shares at a cost of $35.68 each, for a total investment of $214,051. HCI Group is trading up about 4.9% on the day Thursday. So far Traber is in the green, up about 8.0% on their purchase based on today's trading high of $38.52.

VIDEO: Thursday 12/15 Insider Buying Report: NCT, HCI

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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