Monday 12/23 Insider Buying Report: PFX, HPP

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.

On Wednesday, Phenixfin’s CHAIRMAN AND CEO, David A. Lorber, made a $618,422 buy of PFX, purchasing 12,871 shares at a cost of $48.05 each. So far Lorber is in the green, up about 7.2% on their buy based on today’s trading high of $51.50. Phenixfin is trading up about 3% on the day Monday. Before this latest buy, Lorber purchased PFX on 2 other occasions during the past twelve months, for a total investment of $88,320 at an average of $45.55 per share.

And at Hudson Pacific Properties, there was insider buying on Wednesday, by Chief Executive Officer Victor J. Coleman who bought 50,000 shares at a cost of $2.87 each, for a trade totaling $143,500. Before this latest buy, Coleman made one other buy in the past twelve months, purchasing $176,500 shares at a cost of $3.53 each. Hudson Pacific Properties is trading down about 4.6% on the day Monday.

VIDEO: Monday 12/23 Insider Buying Report: PFX, HPP

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