Scientific Games Corporation (NASDAQ:SGMS) provides technology-based products and services, and associated content for gaming and lottery markets worldwide.
Insider buying during the last 30 days
Here is a table of Scientific Games' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Scott Schweinfurth||CFO||May 12||20,000||20,000 shares||from 0 to 20,000|
|David Kennedy||CEO||May 12||36,000||147,534 shares||+32.3%|
|Ronald Perelman||Director||May 9-12||1,050,000||33,594,250 shares||+3.2%|
There have been 1,106,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Scientific Games' insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 1,106,000 shares purchased and there have been 25,904 shares sold by insiders since January 2013. The month of May 2014 has seen all of the insider buying.
Scientific Games reported the first-quarter financial results on May 8 with the following highlights:
|Net loss||$45.0 million|
The three insiders purchased their shares after these results.
|Qtrly Rev Growth (yoy):||0.77||-0.02||-0.14|
|PEG (5 yr expected):||N/A||N/A||0.71|
Scientific Games has the lowest P/S ratio among these three companies.
Here is a table of these competitors' insider activities during the last six months.
|Company||Insider buying / shares||Insider selling / shares|
Only Scientific Games has seen intensive insider buying during the last 30 days.
There have been three different insiders buying Scientific Games, and there have not been any insiders selling Scientific Games during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Scientific Games has an insider ownership of 42.98%.
The three insiders purchased their shares at prices ranging from $8.97 to $9.09. I believe Scientific Games could be a good pick below $9.09 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SGMS 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.