Insider Trades: Notable Purchases in RBB Bancorp, AXIS Capital Holdings, and Dakota Gold Corp
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades that caught the attention of investors. Insider trades, particularly purchases, are often seen as a sign of confidence in a company’s prospects or an indication that the stock is undervalued. While insider purchases shouldn’t be the sole basis for making investment decisions, they can provide additional conviction for those considering a buying opportunity.
One company that saw a recent insider purchase is RBB Bancorp. Director James Kao acquired a total of 15,000 shares at an average price of $16.87, amounting to a total cost of approximately $253,100. This purchase comes on the heels of RBB Bancorp posting better-than-expected fourth-quarter results. RBB Bancorp operates as a bank holding company, offering various banking products and services such as checking, savings, money market accounts, and certificates of deposits.
Another notable insider purchase was made in AXIS Capital Holdings Limited. Director Stanley A Galanski acquired 7,000 shares at an average price of $58.45, totaling around $409,150. The purchase followed upbeat fourth-quarter earnings from AXIS Capital. The company is a property and casualty insurance provider, offering a range of products and services to clients and distribution partners.
Lastly, Dakota Gold Corp. saw insider buying activity as well. Director Stephen T. O’Rourke purchased 5,000 shares at an average price of $2.07, costing approximately $10,355. Dakota Gold Corp is a gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. The purchase occurred amid a decline in the company’s stock price, which lost around 8% over the past month.
While insider purchases can provide insights into a company’s potential, it’s important to conduct thorough research and consider other factors before making investment decisions. Investors should analyze a company’s financials, industry trends, and market conditions to make informed choices. Additionally, consulting with a financial advisor or utilizing platforms like Benzinga’s insider transactions can provide further guidance and analysis.
In conclusion, insider trades, particularly purchases, can be an interesting signal for investors. The recent insider purchases in RBB Bancorp, AXIS Capital Holdings, and Dakota Gold Corp highlight the confidence insiders have in these companies’ prospects. However, it is crucial to conduct comprehensive research and consider multiple factors before making any investment decisions.
