Energy Recovery (NASDAQ:ERII) designs, develops, and manufactures energy recovery devices that transform untapped energy into reusable energy from industrial fluid flows and pressure cycles.
Insider buying during the last 30 days
Here is a table of Energy Recovery's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Dominique Trempont||Director||May 13-27||39,566||398,471
|Robert Mao||Director||May 20-21||50,000||57,361 shares||+679.3%|
|Ole Lorentzen||10% Owner||May 7||1,000,000||7,199,227 shares||+16.1%|
There have been 1,089,566 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Energy Recovery's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 1,392,131 shares purchased and there have been 310,300 shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.
Energy Recovery reported the first-quarter financial results on May 7 with the following highlights:
|Net loss||$3.7 million|
Two of these three insiders purchased their shares after these results.
|Qtrly Rev Growth (yoy):||-0.39||-0.03||0.06||0.05|
|PEG (5 yr expected):||-8.12||1.34||0.98||0.70|
Energy Recovery has the highest gross margin among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Energy Recovery has seen intensive insider buying during the last 30 days.
There have been three different insiders buying Energy Recovery, and there have not been any insiders selling Energy Recovery during the last 30 days. All three of these insiders increased their holdings by more than 10%. Energy Recovery has an insider ownership of 34.39%.
The three insiders purchased their shares at prices ranging from $4.57 to $5.21. I believe Energy Recovery could be a good pick below $5.21 based on the intensive insider buying.
(Source: Investor presentation)
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ERII 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.