Friday 8/28 Insider Buying Report: FRPH, GHC
Friday 8/28 Insider Buying Report: FRPH, GHC
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
Friday 8/28 Insider Buying Report: FRPH, GHC
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At FRP Holdings, a filing with the SEC revealed that on Wednesday, Chief Financial Officer John D.
Baker III purchased 3,700 shares of FRPH, at a cost of $40.59 each, for a total investment of $150,170.
FRP Holdings is trading up about 0.5% on the day Friday.
And on Thursday, Director Lee C.
Bollinger bought $149,100 worth of Graham Holdings, buying 350 shares at a cost of $426.00 each.
Before this latest buy, Bollinger made one other buy in the past year, purchasing $348,205 shares for a cost of $435.26 each.
Graham Holdings is trading up about 2.7% on the day Friday.
So far Bollinger is in the green, up about 2.6% on their buy based on today's trading high of $437.25.