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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At DSP Group, a filing with the SEC revealed that on Friday, Director Cynthia Paul purchased 34,386 shares of DSPG, for a cost of $10.70 each, for a total investment of $367,933. DSP Group is trading up about 1.4% on the day Wednesday. Before this latest buy, Paul bought DSPG on 11 other occasions during the past twelve months, for a total cost of $3.01M at an average of $11.54 per share.
And also on Friday, Chief Executive Officer Joseph A. Jolson purchased $180,025 worth of Harvest Capital Credit, purchasing 18,919 shares at a cost of $9.52 a piece. Before this latest buy, Jolson purchased HCAP on 19 other occasions during the past twelve months, for a total cost of $1.91M at an average of $10.31 per share. Harvest Capital Credit is trading down about 0.9% on the day Wednesday.