Three Small Cap Stocks with Major Insider Buying

June 4, 2019, By fierceinvestor,

It’s always important to know what company insiders are doing.

After all, who knows the company better than an insider – the CEO, CFO, COO, officers, employees, and directors?

If they’re buying a sizable number of shares, it’s often a good idea to start looking into why and perhaps follow them into the stock. That’s because they’re typically privy to information on new products, competition, and the operating environment of the firm.  We have to consider that insiders who are buying their stock would not put up their own money unless they believed the move would be profitable.  Of course, it’s not always wise to base your own buying decisions solely on the actions of insiders, but it doesn’t hurt to see what an insider may be up to.

Since insider activity should be paid attention to, I decided to find companies with solid insider buying.  Here are three of the top ones I found.

Voyager Therapeutics (VYGR)

VYGR is a clinical-stage gene therapy company that focuses on developing life-changing treatments for patients suffering from severe neurological diseases. The company’s pipeline consists of six programs for severe neurological indications, including advanced Parkinson’s disease, Huntington’s disease and Alzheimer’s.  In the first quarter of 2019, Spark Investment Management LLC increased its position in VYGR by 18.5%, buying 22,800 shares.

Eagle Bulk Shipping (EGLE)

Eagle Bulk Shipping Inc. is a US-based fully integrated shipowner-operator engaged in the global transportation of dry bulk commodities. Headquartered in Stamford, Connecticut, with offices in Singapore and Hamburg, Eagle focuses exclusively on the mid-size dry bulk vessel segment and owns one of the largest fleets of Supramax / Ultramax ships in the world.  The Company performs all management services, including: strategic, commercial, operational, technical, and administrative.

Since late March 2019, Oaktree Capital Management LP bought a total of 152,090 shares between $4.55 and $4.69 a share.

Inseego Corporation (INSG)

Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide. The company provides wireless 3G, 4G, and 5G hardware products that address various markets, including fleet and commercial telematics, aftermarket telematics, smart city infrastructure management, remote monitoring and control, wireless surveillance systems, security and connected home and fixed wireless access, and mobile broadband devices.

In May 2019, Chairman and CEO, Dan Mondor bought 2,588 shares for $8,255.  CFO Stephen M. Smith bought 2,745 shares for $8,756.

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