Top insider trades (Tue, Jul 7)

Connor’s Commentary

We are entering earnings season, which means the number of insider trades per day will fall significantly as insiders enter blackout periods and are not allowed to make discretionary trades until a few days after earnings.

For days like today, where there are still 200+ trades, the vast majority are scheduled and uninteresting.

However, this also means we are entering one of the best periods for insider trades: post-earnings dip buys.

As I shared in the Q2 CEO Watcher Report (which you should read, for free, here), short-term insider dip buys (particularly when multiple insiders are buying) have been performing incredibly well. Post-earnings dips are when we find most of these.

Today’s Largest Unscheduled Trades

There were 243 new insider trades filed.

1 insider trade was flagged as High Signal because two insiders bought nearly $13M of the stock across 7 purchases in June. The stock is trading 20% below its median valuation due to a temporary avocado supply/demand imbalance that hurt margins in Q2. Mgmt says that the imbalance has normalized and margins will recover. They also massively raised EBITDA guidance.

I also re-flagged a stock on our High Signal List because it just appeared as a new position in Druckenmiller’s most recent 13F filing.

CEO Watcher Premium subs can see those notes in later sections of this email.

Today’s largest unscheduled insider trades:

• CEO at Navios Maritime Partners L.P. ($NMM) purchased 3,511 shares at $73.02/share ($256.38K total), which increased their listed holdings by 0.02%. This is their 6th largest purchase out of 30 all time. This insider has made 7 total purchases at this company in the last 30 days. Is part of 10b5-1 plan. - link

• Director (Szela Mary T) at Absci Corp ($ABSI) purchased 12,900 shares at $11.54/share ($148.87K total), which increased their listed holdings by 153.57%. This is their 1st largest purchase out of 7 all time. - link

• Chief Executive Officer at Greenpro Capital Corp. ($GRNQ) purchased 65,591 shares at $1.52/share ($100.00K total), which increased their listed holdings by 3.21%. This is their 2nd largest purchase out of 3 all time. May be regularly scheduled monthly transaction. Buying the dip (stock was down -39.48% in the three months before the purchase). - link

• 10% Owner (Mink Brook Asset Management LLC) at DLH Holdings Corp. ($DLHC) purchased 15,062 shares at $5.21/share ($78.48K total), which increased their listed holdings by 0.53%. This is their 20th largest purchase out of 43 all time. This insider has made 8 total purchases at this company in the last 30 days. May be regularly scheduled weekly transaction. - link

• 10% Owner (Red Oak Partners, LLC) at Motorsport Games Inc. ($MSGM) purchased 15,937 shares at $4.13/share ($65.77K total), which increased their listed holdings by 3.60%. This insider has made 2 total purchases at this company in the last 30 days. Large price difference: Current: $4.79 | Tx: $4.13 | Diff: (+16.07%). - link

• 10% Owner (BIGLARI, SARDAR) at El Pollo Loco Holdings, Inc. ($LOCO) sold 141,946 shares at $17.25/share ($2.45M total), which decreased their listed holdings by -3.33%. This is their 20th largest sale out of 23 all time. This insider has made 2 total sales at this company in the last 30 days. - link

• Vice President at Afya Ltd ($AFYA) sold 36,204 shares at $15.00/share ($543.06K total), which decreased their listed holdings by -100.00%. This is their 2nd largest sale out of 4 all time. 2 insiders have made 3 total sales at this company in the last 30 days. - link

• SVP & General Counsel at ACUITY INC. (DE) ($AYI) sold 1,200 shares at $365.65/share ($438.78K total), which decreased their listed holdings by -19.82%. This is their 5th largest sale out of 10 all time. Selling the rip (stock was up 33.96% in the three months before the sale). - link

• Director (KEITH DANIEL C) at Sinclair, Inc. ($SBGI) sold 17,000 shares at $15.02/share ($255.34K total), which decreased their listed holdings by -40.36%. This is their 6th largest sale out of 7 all time. - link

• and more…

The rest of this email is for premium subscribers only.

CEO Watcher Premium

The rest of this email (including today’s top insider trades + all the charts and data) is for CEO Watcher Premium subscribers only. To see an example of the Premium email, click here.

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• The Premium Dashboard, which has a bunch of charts/tables with insider trading data that is updated each day

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