Although U.S. stocks closed lower on Thursday, 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.
Turtle Beach
- The Trade: Turtle Beach Corporation (NASDAQ:HEAR) Director Terry Jimenez acquired a total of 2,025 shares an average price of $16.37. To acquire these shares, it cost around $33,149.
- What's Happening: On May 7, Turtle Beach posted better-than-expected quarterly earnings.
- What Turtle Beach Does: Turtle Beach Corp specializes in gaming accessories, offering a diverse range including headsets, controllers, keyboards, mice, and simulation hardware.
Ark Restaurants
- The Trade: Ark Restaurants Corp. (NASDAQ:ARKR) 10% owner Thomas A Satterfield Jr acquired a total of 19,815 shares at an average price of $14.50. To acquire these shares, it cost around $287,020..
- What's Happening: On May 13, Ark Restaurants posted a wider quarterly loss.
- What Ark Restaurants Does: Ark Restaurants Corp owns and operates around 17 restaurants and bars, 16 fast food concepts, and catering operations in the USA.
Don't forget to check out our premarket coverage here
iRobot
- The Trade: iRobot Corporation (NASDAQ:IRBT) President and CEO Gary Cohen bought a total of 2,050 shares at an average price of $12.29. To acquire these shares, it cost around $25,189.
- What's Happening: On May 7, iRobot reported better-than-expected first-quarter financial results.
- What iRobot Does: iRobot Corp is a united state based consumer robot company.
First Financial Bankshares
- The Trade: First Financial Bankshares, Inc. (NASDAQ:FFIN) EVP/CFO Michelle S Hickox bought a total of 1,000 shares at an average price of $31.25. The insider spent around $31,250 to buy those shares.
- What's Happening: On April 18, First Finl Bankshares posted upbeat quarterly earnings.
- What First Financial Bankshares Does: First Financial Bankshares Inc is a financial and bank holding company.