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In this article, I will feature three 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. American Hotel Income Properties REIT LP (OTC:AHOTF) has been formed to indirectly own and acquire hotel properties in the United States. American Hotel Income Properties' initial portfolio is comprised of 32 hotel properties focused on railroad employee accommodation in 19 states. This initial portfolio comprises the largest and highest-quality chain of crew lodging facilities presently serving the US freight railroad industry.

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Insider buying during the last 30 days

  • Robert O'Neill purchased 4,700 shares on August 14 and currently controls 14,700 shares or 0.1% of the company. Robert O'Neill is Chief Executive Officer, Director of American Hotel Income Properties. Robert O'Neill increased his holdings by 47% in August.
  • Robert Pratt purchased 1,130 shares on August 13 and currently holds 2,000 shares or less than 0.1% of the company. Robert Pratt serves as a director of the company. Robert Pratt increased his holdings by 129.9% in August.
  • Anne Yu purchased 1,000 shares on August 20 and currently controls 1,000 shares or less than 0.1% of the company. Anne Yu is Director of Finance. Anne Yu increased her holdings from zero shares to 1,000 shares in August.

Insider buying by calendar month

Here is a table of American Hotel Income Properties' insider-trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
August 20136,8300
July 201300
June 20135,0000
May 20135,8700
April 201300
March 201300

There have been 17,700 shares purchased and there have been zero shares sold by the insiders since March 2013.

Financials

American Hotel Income Properties reported the second-quarter financial results on August 8 with the following highlights:

Revenue$13.6 million
Funds from operations$2.6 million
Cash$24.1 million
Debt$71.5 million

Outlook

American Hotel Income Properties continues to focus on deploying its excess cash on an accretive basis through the acquisition of additional high quality economy and select service hotel assets in the US. American Hotel Income Properties has four properties approximating $17 million under preliminary agreement for addition to its rail portfolio. One of these agreements was approved by the board on August 23.

Competition

American Hotel Income Properties' competitors include Hospitality Properties Trust (NYSE:HPT), RLJ Lodging Trust (NYSE:RLJ), and Hersha Hospitality Trust (NYSE:HT).

Hospitality Properties Trust has not seen any insider buying or selling this year and the trust has a dividend yield of 6.96%. Hersha Hospitality Trust has seen one insider buy transaction in August and the trust has a dividend yield of 4.58%. RLJ Lodging Trust has not seen any insider buying or selling this year and the trust has a dividend yield of 3.57%.

My analysis

There have been three different insiders buying American Hotel Income Properties and there have not been any insiders selling American Hotel Income Properties during the last 30 days. All three of these insiders increased their holdings by more than 10%. American Hotel Income Properties has an insider ownership of 6.3%.

American Hotel Income Properties has a book value of $8.19 per share and the stock has a dividend yield of 8.5%. I believe the stock could be a good pick at the book value of $8.19 per share.

2. Independent Bank Group (NASDAQ:IBTX) operates as a bank holding company for Independent Bank that provides commercial banking products and services for small to medium size businesses, professionals, and individuals in North and Central Texas.

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Insider buying during the last 30 days

  • Stacy Smith purchased 21,891 shares on August 26-30 and currently holds 116,510 shares or 1.0% of the company. Stacy Smith was elected to the Board of Directors in February 2013. Stacy Smith increased her holdings by 23.1% in August.
  • William Fair purchased 14,192 shares on August 26-29 and currently holds 180,947 shares or 1.5% of the company. William Fair serves as a director of the company. William Fair increased his holdings by 8.5% in August.
  • Michelle Hickox purchased 1,000 shares on August 28 and currently holds 10,500 shares or less than 0.1% of the company. Michelle Hickox is Executive Vice President and Chief Financial Officer of the company. Michelle Hickox increased her holdings by 10.5% in August.
  • Brian Hobart purchased 300 shares on August 26 and currently holds 211,311 shares or 1.7% of the company. Brian Hobart is Vice Chairman and Chief Lending Officer of the company and President Independent Bank Central Texas. Brian Hobart increased his holdings by 0.1% in August.
  • Torry Berntsen purchased 1,000 shares on August 26 and currently holds 58,792 shares or 0.5% of the company. Torry Berntsen is President, Chief Operating Officer and a director of the company. Torry Berntsen increased his holdings by 1.7% in August.
  • Brian Aynesworth purchased 1,422 shares on August 26 and currently holds 391,418 shares or 3.2% of the company. Brian Aynesworth serves as a director of the company. Brian Aynesworth increased his holdings by 0.4% in August.

Insider buying by calendar month

Here is a table of Independent Bank's insider-trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
August 201339,8050
July 201300
June 201300
May 201318,2690
April 2013170,4380
March 201300
February 201300
January 201300

There have been 228,512 shares purchased and there have been zero shares sold by the insiders this year.

Financials

Independent Bank reported the second-quarter financial results on July 30 with the following highlights:

Net income$5.9 million
Book value$17.75 per share
Tangible book value$15.13 per share

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Competition

Independent Bank competes in the commercial banking industry and firmly believes that the bank's long-standing presence in the community and personal service philosophy enhances its ability to attract and retain customers. This industry is highly competitive, and the bank faces strong direct competition for deposits, loans, and other financial-related services. Independent Bank competes with other commercial banks, thrifts and credit unions. Although some of these competitors are situated locally, others have statewide or nationwide presence. In addition, Independent Bank competes with large banks in major financial centers and other financial intermediaries, such as consumer finance companies, brokerage firms, mortgage banking companies, insurance companies, securities firms, mutual funds and certain government agencies as well as major retailers, all actively engaged in providing various types of loans and other financial services.

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My analysis

There have been six different insiders buying Independent Bank and there have not been any insiders selling Independent Bank during the last 30 days. Two out of these six insiders increased their holdings by more than 10%. Independent Bank has an insider ownership of 55.30%.

There are two analyst buy ratings, one neutral rating and zero sell ratings with an average target price of $37.33. The stock is trading at a P/E ratio of 20.48 and a forward P/E ratio of 16.79. Independent Bank has a book value of $17.75 per share and the stock has a dividend yield of 0.70%. I have a neutral bias for the stock currently based on the stock's significant premium to the book value.

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3. Emera Incorporated (OTCPK:EMRAF) engages in the generation, transmission, and distribution of electricity to various customers. Emera's strategic energy services and infrastructure include electric utilities in the Northeastern US, Atlantic Canada, St. Lucia, Grand Bahama and Barbados, a pumped storage hydro-electric facility, natural gas pipelines, a gas-fired power plant, an energy services company and a renewable tidal energy company.

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Insider buying during the last 30 days

  • Scott Balfour purchased 5,000 shares on August 30 and currently holds 13,771 shares or less than 0.1% of the company. Scott Balfour was appointed Executive Vice President and Chief Financial Officer of Emera in April 2012. Scott Balfour increased his holdings by 57.0% in August.
  • Christopher Huskilson purchased 10,000 shares on August 16 and currently holds 25,015 shares or less than 0.1% of the company. Christopher Huskilson is President and CEO, Emera. Christopher Huskilson increased his holdings by 66.6% in August.
  • Elaine Sibson purchased 1,000 shares on August 27 and currently controls 6,850 shares or less than 0.1% of the company. Elaine Sibson is an insider of the company. Elaine Sibson increased her holdings by 17.1% in August.

Insider buying by calendar month

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

MonthInsider buying / sharesInsider selling / shares
August 201316,0000
July 20131,0000
June 20133,1770

There have been 20,177 shares purchased and there have been zero shares sold by the insiders since June 2013.

Financials

Emera reported the second-quarter financial results on August 12 with the following highlights:

Revenue$506.5 million
Net income$44.9 million
Cash$80.0 million
Debt$3.7 billion

Outlook

Emera's strategic objective is to grow EPS and dividends by an annualized average of 4‐6% within risk profile.

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Competition

Emera's competitors include Northland Power (OTCPK:NPIFF), Fortis (OTCPK:FRTSF), and Atlantic Power (NYSE:AT). Northland Power has seen insider buying in August and has a dividend yield of 7.6%. Fortis has seen both insider buying and insider selling in August. Fortis has a dividend yield of 4.1%. Atlantic Power saw insider buying last time in April. Atlantic Power has a dividend yield of 9.4%.

My analysis

There have been three different insiders buying Emera and there have not been any insiders selling Emera during the last 30 days. All three of these insiders increased their holdings by more than 10%.

There are four analyst buy ratings, seven neutral ratings and one sell rating with an average target price of $35.38. Emera is trading at a P/E ratio of 15.22 and a forward P/E ratio of 15.87. Emera has a book value of $14.02 per share and the stock has a dividend yield of 4.7%. I have a cautiously bullish bias for the stock currently based on the intensive insider buying.

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Source: 1 Bank, 1 REIT And 1 Electric Utility With Recent Intensive Insider Buying