Wednesday’s Insider Activity: Top Buys and Sells in US Stocks

This article summarizes the most significant insider buying and selling activities reported on Wednesday for US stocks.

Top Buys:

Old Market Capital Corp (NASDAQ:OMCC): Adam K. Peterson, a director and 10% owner, along with Magnolia Capital Fund and Magnolia Group, LLC, acquired 5,493 shares of OMCC common stock. The shares were awarded at no cost, with 5,493 shares vesting immediately. Following the transaction, Peterson directly owns 2,543,935 shares of Old Market Capital Corp.

Morgan Stanley Direct Lending Fund (NYSE:MSDL): Director Joan Binstock purchased 9,030 shares of common stock at $16.6367 per share, totaling $150,229. MSDL, with a market cap of $1.45 billion and currently trading at $16.53, offers a 12.8% dividend yield. The stock has declined about 14% year-to-date. Following the transaction, Ms. Binstock indirectly holds 50,042 shares through the Joan A Binstock Revocable Trust.

RENN Fund, Inc. (RCG): Murray Stahl, President and Co-Portfolio Manager, acquired 1,134 shares at $2.62 per share, for a total value of $2,971. The stock, currently trading at $2.54, has shown strong performance with a 22.7% return over the past year and maintains a P/E ratio of 4.9. Stahl directly purchased 360 shares of RENN Fund.

Texas Pacific Land Corp (NYSE:TPL): Horizon Kinetics Asset Management LLC, a ten percent owner, bought 1 share of common stock at $964.32. TPL, with a $21.5 billion market cap, boasts impressive gross profit margins of 94.5%. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,538 shares of Texas Pacific Land Corp.

DLH Holdings Corp (NASDAQ:DLHC): Mink Brook Asset Management LLC, a ten percent owner, purchased 13,276 shares in two transactions, totaling $73,018. The stock has gained over 77% in the past six months, despite trading below its 52-week high of $9.58.

Top Sells:

Roivant Sciences Ltd (NASDAQ:ROIV): Eric Venker, President & Immunovant CEO, sold 665,159 shares for a total of $10,781,813. Venker also acquired 547,109 shares through option exercises.

Dell Technologies Inc. (NYSE:DELL): Silver Lake Group, L.L.C. and affiliated entities sold shares worth approximately $22.8 million. The stock is currently trading near its 52-week high at $164.51.

Eli Lilly & Co (NYSE:LLY): Lilly Endowment Inc. sold 26,795 shares at a weighted average price of $848.009, totaling $22,722,401. The endowment still owns 94,649,000 shares of Eli Lilly & Co.

Innsuites Hospitality Trust (NASDAQ:IHT): James F. Wirth, President and CEO & Chairman, sold 22,500 shares in two separate transactions, totaling $450,121,875.

Monitoring insider trading activity can provide valuable insights into a company’s health and potential future performance. While not a guarantee of stock movement, significant insider buying may indicate confidence in the company’s prospects, while selling could signal various factors, including personal financial needs or concerns about the company’s future. Investors should consider insider activity as part of a comprehensive analysis when making investment decisions.

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