Insiders Buying Sound Financial Bancorp And 2 Other Stocks
Author: Lisa Levin | October 16, 2023 08:37am
Although U.S. stocks closed mostly lower on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.
Orchid Island Capital
- The Trade: Orchid Island Capital, Inc. (NYSE:ORC) CEO Robert E Cauley acquired a total of 15,000 shares an average price of $7.40. To acquire these shares, it cost around $111,050.
- What’s Happening: Orchid Island Capital reported estimated GAAP net loss of $1.68 per share for the third quarter.
- What Orchid Island Capital Does: Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States.
Sound Financial Bancorp
- The Trade: Sound Financial Bancorp, Inc. (NASDAQ:SFBC) 10% owner Stilwell Partners L P acquired a total of 2,302 shares at an average price of $36.75. To acquire these shares, it cost around $84,599.
- What’s Happening: The company’s shares fell around 7% year-to-date.
- What Sound Financial Bancorp Does: Sound Financial Bancorp Inc operates as the holding company for Sound Community Bank that provides traditional banking and other financial services for individuals and businesses.
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Funko
- The Trade: Funko, Inc. (NASDAQ:FNKO) 10% owner Chan Kenneth Hsiangtze bought a total of 23,082 shares at an average price of $7.23. To acquire these shares, it cost around $166,774.
- What’s Happening: Funko reported a second-quarter earnings miss and issued weak guidance.
- What Funko Does: Funko Inc is an us-based pop culture consumer products company. It creates whimsical, fun, and different products which enable the customer to express their affinity for their favorite through the movie, TV show, video game, musician, or sports team.
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Posted In: FNKO ORC SFBC
