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5 Stocks Insiders Love Right Now
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Loading...Corporate insiders sell their own companies' stock for a number of reasons.
They might need the cash for a big personal purchase such as a new house or yacht, or they might need the cash to fund a charity. Sometimes they sell as part of a planned selling program that they have put in place for diversification purposes, which allows them to sell stock in stages instead of selling all at one price.
Other times they sell because they think their stock is overvalued and the risk/reward is no longer attractive. Some even dump their own stock because they have inside knowledge that a competitor is eating their lunch and stealing market share.
1. Xenoport
One biopharmaceutical stock that insiders are loading up on here is Xenoport (XNPT- Get Report) , which focuses on developing and commercializing a portfolio of product candidates for the treatment of neurological and other disorders. Insiders are buying this stock into large weakness, since shares have dropped by 29.7% over the last six months.
Xenoport has a market cap of $274 million and an enterprise value of $234 million. This stock trades at a premium valuation, with a price-to-sales of 7.97 and a price-to-book of 8.89. Its estimated growth rate for this year is -69.1%, and for next year it's pegged at 38.7%. This is just barely a cash-rich company, since the total cash position on its balance sheet is $152.39 million and its total debt is $111.64 million.
2.Seattle GeneticsAnother biotechnology player that insiders are adding a ton of stock in here is Seattle Genetics (SGEN - Get Report) , which develops and commercializes antibody-based therapies for the treatment of cancer. Insiders are buying this stock into big weakness, since shares have dropped sharply by 28.3% over the last six months.
Seattle Genetics has a market cap of $4.1 billion and an enterprise value of $3.4 billion. This stock trades at a premium valuation, with a price-to-sales of 12.68 and a price-to-book of 6.21. Its estimated growth rate for this year is -5.4%, and for next year it's pegged at 22.4%. This is a cash-rich company, since the total cash position on its balance sheet is $649.65 million and its total debt is zero.
3.Restaurant Brands International
One restaurants operator that insiders are in love with here is Restaurant Brands International (QSR - Get Report) , which owns and operates quick service restaurants under the Burger King and Tim Hortons brand names. Insiders are buying this stock into notable weakness, since shares have fallen by 16.7% over the last six months.
Restaurant Brands International has a market cap of $7.4 billion and an enterprise value of $15.3 billion. This stock trades at a fair valuation, with a trailing price-to-earnings of 65.6 and a forward price-to-earnings of 21.8. Its estimated growth rate for this year is 7.6%, and for next year it's pegged at 18.1%. This is not a cash-rich company, since the total cash position on its balance sheet is $757.80 million and its total debt is $8.72 billion. This stock currently sports a dividend yield of 1.71%.
4.Bank of New York Mellon
One asset management player that insiders are in love with here is Bank of New York Mellon (BK - Get Report) , which provides financial products and services to institutions, corporations and high-net-worth individuals in the U.S. and internationally. Insiders are buying this stock into notable weakness, since shares have slid lower by 15.4% over the last six months.
Bank of New York Mellon has a market cap of $38 billion and an enterprise value of -$70.8 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 12.9 and a forward price-to-earnings of 10.2. Its estimated growth rate for this year is 6%, and for next year it's pegged at 13.2%. This is a cash-rich company, since the total cash position on its balance sheet is $167.86 billion and its total debt is $58.97 billion. This stock currently sports a dividend yield of 1.9%
5.SPX Flow
One final stock with some decent insider buying is industrial goods player SPX Flow (FLOW) , which provides various engineered solutions worldwide. Insiders are buying this stock into massive weakness, since shares have plunged by 52.8% over the last six months.
SPX Flow has a market cap of $729 million and an enterprise value of $1.47 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 8.2. This is not a cash-rich company, since the total cash position on its balance sheet is $295.90 million and its total debt is $1.04 billion.
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