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Since my article April 18, titled "1 Publisher, 1 Gold Miner And A Medical Device Company With Recent Intensive Insider Buying," the stocks that I featured have performed as follows:

Company

Price 4/17

Price 5/6

Change

InspireMD (NSPR)

$2.35

$2.98

+26.8%

Semafo (OTCPK:SEMFF)$1.52$2.00+31.6%
Torstar Corporation (OTC:TORSF)$6.96$6.55-5.9%

In this article, I will feature three additional stocks that have seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. At least two purchasers increase their holdings by more than 10%.

1. Accuride Corporation (ACW) designs, manufactures, and distributes components for trucks, trailers, and military and construction vehicles in North America.

(click to enlarge)

Insider buying by insider (last 30 days)

  • Richard Dauch purchased 10,000 shares on May 2 and currently holds 40,432 shares or less than 0.1% of the company. Richard Dauch joined Accuride in February 2011 as the company's President and Chief Executive Officer and a member of the Board of Directors.
  • Littlejohn Opportunities Master Fund LP purchased 122,000 shares on April 26 and currently holds directly 863,542 shares or 1.8% of the company. Littlejohn Opportunities Master Fund owns beneficially more than 10% of Accuride.
  • Gregory Risch purchased 2,000 shares on April 26 and currently holds 9,258 shares or less than 0.1% of the company. Gregory Risch has served as Vice President and Chief Financial Officer since February 2012.

Insider buying by calendar month

Here is a table of Accuride's insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
May 201310,0000
April 2013124,0000
March 201310,0008,500
February 201300
January 201300

There have been 144,000 shares purchased and 8,500 shares sold this year.

Financials

The company reported the first-quarter financial results on April 23 with the following highlights:

Revenue$192.5 million
Net loss$15.9 million
Cash$31.5 million
Debt$349.4 million

Outlook

President & CEO Rick Dauch commented on April 23:

"Although conditions in the Class 8 truck market are expected to remain soft for at least another quarter, order levels increased in the first quarter. Anticipating continued healthy order levels, several of our OEM customers plan higher production activity in the second half of 2013. The significant work we have completed in our operations has increased our capacity, improved our quality and delivery, and shortened our lead-times. These improvements position Accuride to capitalize on opportunities to grow share and deliver stronger results when the North American commercial vehicle industry returns. With the 'Fix' investments now largely complete, we will continue to focus on improving the performance of our business and begin to focus our efforts to 'Grow' our core business."

Competition

Accuride's competitors include Alcoa (AA) and American Axle & Manufacturing Holdings (AXL). Here is a table comparing these companies.

CompanyACWAAAXLIndustry Average (Trucks & Other Vehicles)
Market Cap:253.87M9.29B1.17B947.87M
Employees:2,75261,00011,3005.40K
Qtrly Rev Growth (yoy):-0.29-0.030.010.04
Revenue:852.71M23.53B2.94B986.54M
Gross Margin:0.040.140.140.14
EBITDA:38.58M2.17B319.90M80.52M
Operating Margin:-0.030.030.060.01
Net Income:-190.43M244.00M323.80MN/A
EPS:-4.040.234.280.02
P/E:N/A37.953.6012.31
PEG (5 yr expected):-0.292.960.720.74
P/S:0.300.390.400.81

Accuride is trading below the industry average P/S ratio, which could explain some of the insider buying.

My analysis

There have been three different insiders buying the shares and there have not been any insiders selling the shares during the last 30 days. There are two analyst buy ratings, one neutral rating and zero sell ratings, with an average target price of $6.88. The stock is trading at a forward P/E ratio of 13.27 and the company has a book value of $1.05 per share. The 200-day moving average is currently at $4.19, which could be a good entry point for the stock.

2. Ames National Corporation (ATLO) operates as a bank holding company for First National Bank that provides commercial banking services primarily within the central Iowa counties of Boone, Marshall, Polk, and Story.

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Insider buying by insider (last 30 days)

  • Warren Madden purchased 500 shares on May 3 and currently controls 4,200 shares or less than 0.1% of the company. Warren Madden serves as a director of the company.
  • David Benson purchased 1,300 shares on May 1 and currently controls 1,300 shares or less than 0.1% of the company. David Benson serves as a director of the company.
  • James Larson purchased 500 shares on April 18 and currently controls 13,500 shares or 0.1% of the company. James Larson serves as a director of the company.

Insider buying by calendar month

Here is a table of Ames National Corporation's insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
May 20131,8000
April 20135000
March 201300
February 201300
January 201300

The month of May has seen the most insider buying this year.

Financials

The company reported the first-quarter financial results on April 12 with the following highlights:

Net income$3.6 million
Book value$15.66 per share

Outlook

The company is forecasting earnings for the year ending December 31, 2013 in the range of $1.46 to $1.52 per share compared to $1.52 per share earned for the year ended December 31, 2012.

Competition

Ames National Corporation's competitors include F&M Bank Corp. (OTCQB:FMBM), U.S. Bancorp (USB) and Wells Fargo & Company (WFC). Here is a table comparing these companies.

CompanyATLOFMBMUSBWFCIndustry Average (Regional - Northeast Banks)
Market Cap:190.20M42.50M61.11B200.45B73.22M
Employees:20914264,486274,300185.00
Qtrly Rev Growth (yoy):0.040.090.030.020.09
Revenue:40.09M20.95M17.64B79.85B27.69M
Operating Margin:0.510.390.460.410.27
Net Income:14.23M4.98M5.46B18.91BN/A
EPS:1.531.992.903.530.84
P/E:13.338.5311.3410.7413.81
PEG (5 yr expected):N/AN/A1.131.262.41
P/S:4.742.033.472.512.70

Ames National Corporation's P/E ratio is in line with the industry average.

My analysis

There have been three different insiders buying the shares and there have not been any insiders selling the shares during the last 30 days. The stock is trading at a P/E ratio of 13.33 and the stock has a dividend yield of 3.13%. The company has a book value of $15.66 per share, which could be a good entry point for the stock.

3. Storm Resources (OTC:SRMLF) engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the provinces of Alberta and British Columbia, Canada.

(click to enlarge)

Insider buying by insider (last 30 days)

  • Matthew Brister purchased 95,000 shares on May 1 pursuant to a public offering. Matthew Brister currently holds 587,681 shares or 0.8% of the company. Matthew Brister serves as a director of the company.
  • John Brussa purchased 95,000 shares on May 1 pursuant to a public offering. John Brussa currently holds 373,560 shares or 0.5% of the company. John Brussa serves as a director of the company.
  • Mark Butler purchased 24,000 shares on May 1 pursuant to a public offering. Mark Butler currently holds 61,000 shares or less than 0.1% of the company. Mark Butler serves as a director of the company.
  • Stuart Clark purchased 725,000 shares on May 1 pursuant to a public offering. Stuart Clark currently holds 3,423,526 shares or 4.6% of the company. Stuart Clark is Chairman and Director of the company.
  • Brian Lavergne purchased 652,000 shares on May 1 pursuant to a public offering. Brian Lavergne currently holds 2,338,460 shares or 3.1% of the company. Brian Lavergne is President, Chief Executive Officer and Director of the company.
  • Donald McLean purchased 285,000 shares on May 1 pursuant to a public offering. Donald McLean currently holds 1,068,283 shares or 1.4% of the company. Donald McLean is Chief Financial Officer.
  • Robert Tiberio purchased 240,000 shares on May 1 pursuant to a public offering. Robert Tiberio currently holds 811,629 shares or 1.1% of the company. Robert Tiberio is Chief Operating Officer.
  • Gregory Turnbull purchased 95,000 shares on May 1 pursuant to a public offering. Gregory Turnbull currently holds 106,665 shares or 0.1% of the company. Gregory Turnbull serves as a director of the company.
  • Grant Wierzba purchased 95,000 shares on May 1 pursuant to a public offering. Grant Wierzba currently holds 208,182 shares or 0.3% of the company. Grant Wierzba serves as a director of the company.

Insider buying by calendar month

Here is a table of Storm Resources' insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
May 20132,306,0000
April 201300
March 201336,6670
February 201300
January 201312,0830

The month of May has seen the most insider buying this year.

Financials

The company reported the full year 2012 financial results on February 28 with the following highlights:

Revenue$32.3 million
Net loss$6.6 million
Net debt$44.7 million

On May 1, Storm Resources announced that it had completed its previously announced bought deal financing for aggregate gross proceeds of $23,650,400.

Outlook

Production in the first quarter of 2013 is expected to be 2,500 Boe per day and will increase to 3,000 Boe per day in the second quarter. Production growth is expected to resume in the second half of 2013 with additions at Umbach coming from expansion of the gathering system and as horizontal wells are drilled, completed and tied in on 100% working interest lands.

Competition

The petroleum industry is competitive in all its phases. Storm Resources competes with numerous other participants for the acquisition of oil and natural gas properties and in the marketing of oil and natural gas. Storm Resources' competitors include companies which have greater financial resources, staff, access to land and facilities than those of Storm Resources'. Storm Resources' ability to increase reserves in the future will depend not only on its ability to develop its present properties, but also on its ability to select and acquire suitable producing properties or prospects for exploratory drilling. Competitive factors in the distribution and marketing of oil and natural gas include price and methods and reliability of delivery.

My analysis

There have been nine different insiders buying the shares and there have not been any insiders selling the shares during the last 30 days. The company has a book value of $2.97 per share. The stock could be a good pick below the book value.

Source: 1 Bank, 1 Energy And 1 Consumer Goods Company With Recent Intensive Insider Buying