Although U.S. stocks closed 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.
Aehr Test Systems
- The Trade: Aehr Test Systems, Inc. (NASDAQ:AEHR) Director Howard T Slayen acquired a total of 20,000 shares at an average price of $15.50. To acquire these shares, it cost around $310,000.
- What's Happening: On July 16, Aehr Test Systems reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates..
- What Aehr Test Systems Does: Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets.
LTC Properties
- The Trade: LTC Properties, Inc. (NYSE:LTC) Director David L Gruber acquired a total of 6,000 shares at an average price of $35.73. To acquire these shares, it cost around $214,520.
- What's Happening: On July 29, LTC Properties posted upbeat quarterly sales.
- What LTC Properties Does: LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in seniors housing and healthcare facilities through mortgage loans, property lease transactions, and other investments.
AMREP
- The Trade: AMREP Corporation (NYSE:AXR) 10% owner Rainey E. Lancaster bought a total of 10,000 shares at an average price of $25.60. To acquire these shares, it cost around $256,000.
- What's Happening: On July 23, AMREP reported a decline in FY24 EPS.
- What AMREP Does: Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve obtaining approvals and selling both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties.
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