Benzinga - When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.
Northern Technologies International
- The Trade: Northern Technologies International Corporation (NASDAQ: NTIC) Director Sarah Kemp acquired a total of 2,473.373 shares an average price of $12.13. To acquire these shares, it cost around $30 thousand.
- What’s Happening: Northern Technologies International reported second-quarter FY23 sales of $18.27 million, a 9.1% growth year-on-year, missing the estimate of $20.40 million.
- What Northern Technologies International Does: Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services worldwide either directly or through a network of joint ventures, distributors, and agents.
- The Trade: ACRES Commercial Realty Corp. (NYSE: ACR) 10% owner Eagle Point DIF GP I LLC acquired a total of 1,682 shares at an average price of $19.20. To acquire these shares, it cost around $32.29 thousand.
- What’s Happening: ACRES Commercial Realty posted better-than-expected quarterly results.
- What ACRES Commercial Realty Does: ACRES Commercial Realty Corp is a commercial real estate investment trust that focuses on real-estate-related assets and, to a lesser extent, commercial finance assets.
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Ohio Valley Banc Corp
- The Trade: Ohio Valley Banc Corp. (NASDAQ: OVBC) Edward Allen Bell bought a total of 5,582.1208 shares at an average price of $31.17. To acquire these shares, it cost around $174 thousand.
- What’s Happening: Ohio Valley Banc posted a rise in Q4 earnings.
- What Ohio Valley Banc Corp Does: Ohio Valley Banc Corporation is a financial holding company. The bank is a full-service financial institution offering a blend of commercial and consumer banking services within Southeastern Ohio as well as western West Virginia.
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