Insiders Buying Mistras Group And 2 Other Stocks
Portfolio Pulse from Avi Kapoor
Insiders at Southland Holdings, AMREP Corporation, and Mistras Group have recently made notable stock purchases. Southland Holdings' Co-COO and EVP Rudolph V Renda bought 14,509 shares at $5.05 each, despite the company's downbeat Q3 earnings. AMREP's 10% owner Rainey Lancaster acquired 2,600 shares at $21.45 each following a decline in quarterly sales. Mistras Group's Director Nicholas Debenedictis purchased 3,000 shares at $7.05 each after the company posted upbeat quarterly earnings.
December 21, 2023 | 1:40 pm
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POSITIVE IMPACT
AMREP's 10% owner Rainey Lancaster acquired 2,600 shares at $21.45 each after the company reported a decline in quarterly sales.
The insider purchase by a 10% owner suggests a strong belief in the company's value, potentially outweighing the negative impact of the recent sales decline.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Mistras Group's Director Nicholas Debenedictis bought 3,000 shares at $7.05 each, following the company's upbeat quarterly earnings.
The insider purchase combined with the recent upbeat earnings report could suggest further positive momentum for the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Southland Holdings' Co-COO and EVP Rudolph V Renda purchased 14,509 shares at $5.05 each, signaling confidence despite recent downbeat Q3 earnings.
Insider purchases often indicate confidence in the company's prospects, which can be a positive signal to investors. However, the recent downbeat Q3 earnings may temper the impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80