Harris & Harris Group: 6 Different Insiders Have Purchased Shares This Month

| About: Harris&Harris Group (TINY)

Summary

Six insiders purchased Harris & Harris Group stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

Two of these six insiders increased their holdings by more than 10%.

Harris & Harris Group (NASDAQ:TINY) is a venture capital firm specializing in early stage investments.

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Insider buying during the last 30 days

Here is a table of Harris & Harris Group's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Rule 10b5-1 Current Ownership Increase In Shares
Bruce Shewmaker Director March 20 1,457 Yes 18,091 shares +8.8%
Richard Shanley Director March 20 2,650 Yes 49,000 shares +5.7%
Lucio Lanza Director March 20 4,313 Yes 38,719 shares +12.5%
Stacy Brandom Director March 20 1,608 Yes 1,608 shares from 0 to 1,608
Phillip Bauman Director March 20 1,649 Yes 65,492 shares +2.6%
Dillaway Ayres Director March 20 1,951 Yes 40,658 shares +5.0%
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There have been 13,628 shares purchased by insiders during the last 30 days. All these shares were purchased pursuant to a Rule 10b5-1 purchase plan.

Insider buying by calendar month

Here is a table of Harris & Harris Group's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
March 2014 13,628 0
February 2014 0 0
January 2014 0 0
December 2013 0 0
November 2013 19,148 0
October 2013 1,725 0
September 2013 0 0
August 2013 11,360 0
July 2013 1,670 0
June 2013 8,500 0
May 2013 27,127 0
April 2013 1,630 0
March 2013 8,550 0
February 2013 0 0
January 2013 1,275 0
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There have been 94,613 shares purchased, and there have been zero shares sold by insiders since January 2013.

Financials

Harris & Harris Group reported the full-year 2013 financial results on March 17 with the following highlights:

Investment income $0.5 million
Net operating loss $8.0 million
Cash $8.5 million
Net Asset Value $3.93 per share
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The six insiders purchased their shares after these results.

Competition

Harris & Harris Group's competitors include Hercules Technology Growth Capital (NASDAQ:HTGC), and Horizon Technology Finance Corporation (NASDAQ:HRZN). Here is a table comparing these companies.

Company TINY HTGC HRZN
Market Cap: 106.38M 925.57M 122.40M
Employees: 11 62 N/A
Qtrly Rev Growth (yoy): N/A 0.21 0.11
Revenue: 470.90K 139.71M 33.64M
Gross Margin: 1.00 1.00 1.00
EBITDA: -7.79M 108.46M N/A
Operating Margin: -16.66 0.77 0.64
Net Income: -7.79M 98.11M 3.51M
EPS: -0.25 1.63 0.37
P/E: N/A 9.18 34.78
PEG (5 yr expected): 1.61 2.43 1.92
P/S: 224.59 6.55 3.65
P/B: 0.86 1.41 0.90
Insider Ownership: 8.07% 4.76% 14.09%
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Harris & Harris Group has the lowest P/B ratio among these three companies.

Conclusion

There have been six different insiders buying Harris & Harris Group, and there have not been any insiders selling Harris & Harris Group during the last 30 days. Two of these six insiders increased their holdings by more than 10%. Harris & Harris Group has an insider ownership of 8.07%.

The six insiders purchased their shares at $3.55. I believe Harris & Harris Group could be a good pick below $3.55 based on the intensive insider buying.

(Source: Annual report)

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in TINY over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.