Insiders Buying CSP And 2 Other Stocks
Portfolio Pulse from Avi Kapoor
Insiders have recently purchased shares in MasterCraft Boat Holdings, ProFrac Holding, and CSP Inc., indicating confidence in these companies' prospects. Notable purchases include 347,804 shares of MasterCraft Boat Holdings by Adam Gray, 330,000 shares of ProFrac Holding by the Farris & Jo Ann Wilks 2022 Family Trust, and 2,350 shares of CSP Inc. by Joseph R Nerges.
May 23, 2024 | 11:33 am
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The Farris & Jo Ann Wilks 2022 Family Trust, a 10% owner, acquired 330,000 shares of ProFrac Holding at an average price of $22.08, costing around $7.29 million. This comes as CFO Lance Turner announces his resignation effective June 17.
The large insider purchase indicates confidence in the company's future despite the CFO's resignation, which may have a mixed impact on short-term stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Joseph R Nerges, a 10% owner, bought 2,350 shares of CSP Inc. at an average price of $14.63, costing around $34,381. This follows the company's report of increased EPS for the second quarter.
The insider purchase, though smaller in scale, coupled with improved EPS, suggests positive sentiment towards the company's performance, likely supporting short-term stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Adam Gray, a 10% owner, acquired 347,804 shares of MasterCraft Boat Holdings at an average price of $20.84, costing around $7.26 million. This follows the company's upbeat third-quarter financial results.
The significant insider purchase by a 10% owner, combined with recent positive financial results, suggests confidence in the company's future performance, likely boosting short-term stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100