As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Poage Bankshares (PBSK), a filing with the SEC revealed that on Monday, Director John C. Stewart Jr. bought 21,460 shares of PBSK, at a cost of $14.05 each, for a total investment of $301,513. So far Stewart Jr. is in the green, up about 2.1% on their buy based on today's trading high of $14.35. Poage Bankshares is trading up about 0.6% on the day Thursday.
And at Blue Capital Reinsurance Holdings (BCRH), there was insider buying on Monday, by Director Eric Lemieux who bought 2,500 shares for a cost of $17.30 each, for a trade totaling $43,248. Blue Capital Reinsurance Holdings is trading up about 1.3% on the day Thursday. Lemieux was up about 5.3% on the buy at the high point of today's trading session, with BCRH trading as high as $18.21 in trading on Thursday.
