This article summarizes the most significant insider buys and sells reported for Wednesday, December 11, 2024.
Top Insider Buys:
General American Investors Co Inc (NYSE:GAM):
Anang K. Majmudar, Senior Vice-President of General American Investors Co Inc, purchased 400 shares of common stock at $52.065 per share, totaling $20,826. This acquisition brings Majmudar's direct ownership to 4,402 shares. He also holds 24,931 shares indirectly through the company's Employees' Thrift Plan Trust and 4,800 shares of 5.95% Preferred Stock jointly with his spouse. The $1.2 billion market cap investment company boasts a P/E ratio of 4.3 and has maintained dividend payments for 53 consecutive years, currently offering an 8.7% yield.
Enhabit, Inc. (NYSE:EHAB):
Stuart McGuigan, a director at Enhabit, Inc., acquired 15,000 shares of common stock at $8.81 per share, investing a total of $132,150. This purchase increased McGuigan's direct ownership to 46,810 shares. The transaction price falls within the stock's 52-week range of $6.85 to $11.74. Enhabit, a Dallas-based home health care services provider, is currently valued at approximately $432 million. While not currently profitable, analysts expect positive earnings for the company this year.
Nerdy Inc. (NYSE:NRDY):
Charles K. Cohn, CEO of Nerdy Inc., significantly expanded his stake in the company by purchasing 300,000 shares of Class A Common Stock at a weighted average price of $1.78 per share, totaling approximately $534,000. The acquisition was made through two separate trusts: the Cohn Family Trust 5/24/18 and the Cohn Family Investments Trust dtd 5/24/18. Following these transactions, Cohn's holdings have increased substantially, with 700,333 shares held through the Cohn Family Trust and 660,704 shares through the Cohn Family Investments Trust.
Oportun Financial Corp (NASDAQ:OPRT):
Neil Williams, a director at Oportun Financial Corp, acquired 25,000 shares of common stock at a weighted average price of $3.87, totaling $96,750. The purchase occurred in multiple transactions at prices ranging from $3.78 to $3.93 per share. Following this acquisition, Williams' direct ownership stands at 140,338 shares. The stock has shown strong momentum, gaining nearly 30% over the past six months.
OPKO Health, Inc. (NASDAQ:OPK):
Phillip Frost, CEO and Chairman of OPKO Health, Inc., purchased 500,000 shares of common stock at a weighted average price of $1.5621 per share, amounting to approximately $781,050. The acquisition was made through Frost Gamma Investments Trust, where Frost serves as a trustee. Following this transaction, Frost holds an indirect ownership of 212,411,477 shares in OPKO Health.
Top Insider Sells:
DraftKings Inc. (NASDAQ:DKNG):
Dodge R. Stanton, Chief Legal Officer of DraftKings Inc., sold 228,496 shares of Class A Common Stock at a weighted average price of $42.74 per share, totaling approximately $9.77 million. Prior to the sale, Stanton exercised stock options to acquire 479,807 shares at $2.95 per share. Following these transactions, Stanton holds 541,884 shares directly in the $20.3 billion market cap company.
DocuSign Inc . (NASDAQ:DOCU):
Daniel D. Springer, a director at DocuSign Inc., executed multiple sales totaling 581,588 shares at prices ranging from $95.70 to $100.66 per share, generating proceeds of approximately $56.4 million. Prior to these sales, Springer exercised options to acquire 592,686 shares at $18.02 each. Following the transactions, Springer retains direct ownership of 906,430 shares of DocuSign's common stock.
Landsea Homes Corp (NASDAQ:LSEA):
Landsea Holdings Corp, a significant shareholder in Landsea Homes Corp, sold a total of 2,900,000 shares at $10.25 per share, amounting to $29.7 million. The sales were part of a secondary offering managed by B. Riley Securities, Inc. Following these transactions, Landsea Holdings now holds 6,135,151 shares of Landsea Homes.
Investors should stay tuned to insider buys and sells as they can provide valuable insights into a company's internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other financial analysis and market research. It's important to consider the broader picture, including company performance, industry trends, and overall market conditions when interpreting insider activity.
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