Despite a decline in U.S. stock markets on Wednesday, some insider trades are worth noting. When company insiders purchase shares, it often signals their belief in the company’s future success or a perceived bargain opportunity. While insider purchases aren’t a guaranteed indicator of investment success, they can bolster confidence in a buying decision. Here are a few recent notable insider purchases:
BILL Holdings:
Director Brian Jacobs bought 25,000 shares of BILL Holdings, Inc. (BILL) at an average price of $53.54, totaling approximately $1.34 million. This follows the company’s report on August 22, revealing a narrower-than-expected loss for the fourth quarter. BILL Holdings specializes in providing cloud-based payment and expense management solutions. Their software helps businesses streamline accounts payable and receivable transactions, simplify supplier and customer interactions, eliminate expense reports, manage cash flow, and improve overall back-office efficiency.
PBF Energy:
Control Empresarial de Capitales S.A. de C.V., a 10% owner of PBF Energy Inc. (PBF), acquired 267,000 shares at an average price of $32.93, amounting to roughly $8.8 million. This purchase comes after PBF Energy reported upbeat quarterly sales on August 1. PBF Energy is an independent petroleum refiner and distributor of unbranded fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.
Texas Community Bancshares:
Director Anthony Scavuzzo bought 15,000 shares of Texas Community Bancshares, Inc. (TCBS) at an average price of $13.99, totaling approximately $209,850. This acquisition follows the company’s August 27 announcement of a quarterly cash dividend of 4 cents per share. Texas Community Bancshares is a holding company primarily engaged in taking deposits from the public and investing them in real estate loans, commercial loans, construction and land loans, consumer and other loans.
While these insider purchases offer valuable insights, it’s essential to conduct thorough research before making any investment decisions.
