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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.

(click to enlarge)

Insider buying during the last 30 days

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

NameTitleTrade DateShares PurchasedRule 10b5-1Current OwnershipIncrease In Shares
Bruce ShewmakerDirectorMarch 201,457Yes18,091 shares+8.8%
Richard ShanleyDirectorMarch 202,650Yes49,000 shares+5.7%
Lucio LanzaDirectorMarch 204,313Yes38,719 shares+12.5%
Stacy BrandomDirectorMarch 201,608Yes1,608 sharesfrom 0 to 1,608
Phillip BaumanDirectorMarch 201,649Yes65,492 shares+2.6%
Dillaway AyresDirectorMarch 201,951Yes40,658 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.

MonthInsider buying / sharesInsider selling / shares
March 201413,6280
February 201400
January 201400
December 201300
November 201319,1480
October 20131,7250
September 201300
August 201311,3600
July 20131,6700
June 20138,5000
May 201327,1270
April 20131,6300
March 20138,5500
February 201300
January 20131,2750

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

The six insiders purchased their shares after these results.

Competition

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

CompanyTINYHTGCHRZN
Market Cap:106.38M925.57M122.40M
Employees:1162N/A
Qtrly Rev Growth (yoy):N/A0.210.11
Revenue:470.90K139.71M33.64M
Gross Margin:1.001.001.00
EBITDA:-7.79M108.46MN/A
Operating Margin:-16.660.770.64
Net Income:-7.79M98.11M3.51M
EPS:-0.251.630.37
P/E:N/A9.1834.78
PEG (5 yr expected):1.612.431.92
P/S:224.596.553.65
P/B:0.861.410.90
Insider Ownership:8.07%4.76%14.09%

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.