
We cover insider buying every week at 24/7 Wall St., and when insiders continue to buy stock of their own companies into the teeth of a very strong bull market, shareholders have every reason to be very bullish. While some of the mega-purchases of earlier in the month have slowed, insiders have continued to make some sizable buys.
Here are some of the top insider stock purchases this past week:
Endurance Specialty Holdings Ltd. (NYSE: ENH) had somebody right at the top of the company buy stock this week. The CEO acquired 98,680 shares at prices that ranged from $58.10 to $58.50. The total buy came to $5.8 million. Endurance Holdings is a Bermuda-based provider of property and casualty insurance and reinsurance. Shares closed trading on Friday at $60.00, so a well-timed buy indeed.
Heritage-Crystal Clean Inc. (NASDAQ: HCCI) had a secondary offering and saw the stock get hit hard earlier in December. In a good sign for shareholders, the chief financial officer, who is also a 10% owner of the company, bought a large block of 211,000 shares at prices that ranged from $10.00 to $10.90. The total purchase came to $2.1 million. The company provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services to small and mid-sized customers in both the manufacturing and vehicle service sectors. Shares were trading at $12.03 at the end of the week.
ALSO READ: Tech Insiders Sell Shares as Markets Hit All-Time Highs
HD Supply Holdings Inc. (NASDAQ: HDS) had two directors of the company step up to the plate this past week and buy stock. They bought a combined 42,850 shares at prices that fell between $27.30 and $28.20. The total purchase came to right at $1.2 million. This is on the heels of a very large secondary offering the company had earlier this month. Shares ended the week at $29.94, so a very solid buy.
Hawaiian Telcom Holdco Inc. (NASDAQ: HCOM) saw a 10% owner add to its holdings this week. Twin Haven Capital Partners bought a block of 50,000 shares at prices between $26.60 and $26.80. The total purchase was right at $1.3 million. Shares closed trading on Friday at $27.58
Biglari Holdings Inc.‘s (NYSE: BH) CEO added some stock to his portfolio this past week. Sardar Biglari bought a total of 5,249 shares of the stock at prices that ranged from $364.70 to $368.30. The total purchase of the thinly traded and closely held company came to $1.9 million. Biglari Holdings’ largest operating subsidiaries are involved in the franchising and operating of restaurants, most notably the Steak ‘n Shake brand. Shares were trading Friday at $389.97 as the session came to a close.
ALSO READ: Meet the Preliminary 2015 Dogs of the Dow
Other companies that saw insider purchasing this week include Alico Inc. (NASDAQ: ALCO), Steel Partners Holdings L.P. (NYSE: SPLP), Atwood Oceanics Inc. (NYSE: ATW), Sonic Foundry Inc. (NASDAQ: SOFO) and EOG Resources Inc. (NYSE: EOG).