Around $2M Bet On Tile Shop Holdings? Check Out These 4 Stocks Insiders Are Buying

Author: Avi Kapoor | March 01, 2024 09:48am

Although U.S. stocks closed higher on Thursday, 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.

Perrigo

• The Trade: Perrigo Company plc (NYSE:PRGO) CEO Patrick Lockwood-Taylor acquired a total of 9,500 shares an average price of $26.54. To acquire these shares, it cost around $252,168.
• What’s Happening: On Feb. 27, Perrigo reported fourth-quarter 2023 net sales of $1.16 billion, up 0.1% Y/Y, slightly below the consensus of $1.18 billion.
• What Perrigo Does: Perrigo is one of the largest consumer health companies in the world. Since 2018, Perrigo divested its animal health and generic pharmaceuticals businesses to solely focus on consumer self-care.

A-Mark Precious Metals

• The Trade: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Jess M Ravich acquired a total of 20,000 shares at an average price of $25.63. To acquire these shares, it cost around $512,536.
• What’s Happening: On Feb. 6, A-Mark Precious Metals reported worse-than-expected second-quarter financial results.
• What A-Mark Precious Metals Does: A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains.

Don’t forget to check out our premarket coverage here

Darling Ingredients

• The Trade: Darling Ingredients Inc. (NYSE:DAR) Director Kurt Stoffel bought a total of 8,000 shares at an average price of $41.62. To acquire these shares, it cost around $332,960.
• What’s Happening: On Feb. 27, Darling Ingredients posted downbeat quarterly results.
• What Darling Ingredients Does: Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries.

Tile Shop Holdings

• The Trade: Tile Shop Holdings, Inc. (NASDAQ:TTSH) 10% owner Pleasant Lake Onshore Feeder Fund LP bought a total of 282,629 shares at an average price of $6.92. The insider spent around $1.96 million to buy those shares.
• What’s Happening: On Feb. 29, Tile Shop Holdings reported a fourth-quarter fiscal 2023 sales decline of 3.4% year-over-year, to $84.46 million, missing the consensus of $91.61 million.
• What Tile Shop Holdings Does: Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States.

 

Check This Out: Investor Optimism Improves Following PCE Report; Nasdaq Surges To Record High

Posted In: AMRK DAR PRGO TTSH