Wednesday 8/27 Insider Buying Report: TSC, ANSS
The Online Investor - 10 hours ago
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Monday, TriState Capital Holdings (TSC)'s Director, Richard A. Zappala, made a $119,221 buy of TSC, purchasing 12,900 shares at a cost of $9.24 each. Zappala was up about 2.1% on the purchase at the high point of today's trading session, with TSC trading as high as $9.44 in trading on Wednesday. TriState Capital Holdings is trading up about 0.3% on the day Wednesday. This purchase marks the first one filed by Zappala in the past year.
And at Ansys (ANSS), there was insider buying on Friday, by VP Robert Andrew Kocis who purchased 1,200 shares for a cost of $82.61 each, for a trade totaling $99,137. This purchase marks the first one filed by Kocis in the past twelve months. Ansys is trading up about 0.2% on the day Wednesday. Investors have the opportunity to pick up ANSS at a price even lower than Kocis did, with the stock trading as low as $81.22 at last check today -- that's 1.7% under Kocis's purchase price.