Harris & Harris Group (NASDAQ:TINY) is a venture capital firm specializing in early stage investments.
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%|
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|
There have been 94,613 shares purchased, and there have been zero shares sold by insiders since January 2013.
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|
|Net Asset Value||$3.93 per share|
The six insiders purchased their shares after these results.
|Qtrly Rev Growth (yoy):||N/A||0.21||0.11|
|PEG (5 yr expected):||1.61||2.43||1.92|
Harris & Harris Group has the lowest P/B ratio among these three companies.
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.