These stocks are all selling for less than $14 per share and have seen recent insider buying. Insider buying can be a great sign that a stock is a real value or that it is going higher in the near future. Insiders tend to know their companies better than outsiders or analysts, so when they put their own money in share purchases it can be very meaningful. Some of these companies have moved up recently, so I would wait for pullbacks in these names. I have provided links for each stock which verifies the insider buying filed with the SEC. Here are the stocks:
Synovus Financial Corp. (SNV) shares are trading at $2.48. Synovus is a regional bank located in Georgia. The 50 day moving average is about $2.66 and the 200 day moving average is about $2.47. Earnings estimates are a loss of 22 cents for 2011 and a profit of 18 cents for 2012. This gives SNV shares a PE ratio of about 13 times forward earnings. The dividend is 4 cents per share per year which is a yield of about 1.6%. You can see the insider buying here.
What Synovus insiders and other investors might be seeing: SNV has been considered a takeover target for a major bank looking to expand, and regional banks continue to see a wave of buyout deals. Just days ago yet another analyst said they thought SNV was a buyout target and you can read more on that here
. Also, Synovus has been reporting improving financial results so whether or not there is a deal for SNV, it looks like the stock makes sense for the long term.
Red Lion Hotels (RLH
), is trading around $8.50. Red Lion operates hotels and is based in Washington. These shares have traded in a range between $5.80 to $8.94 in the last 52 weeks. The 50 day moving average is $8.19 and the 200 day moving average is $7.72. RLH is estimated to lose about 10 cents per share in 2011. You can see the repeated insider buying here
What Red Lion insiders and other investors might be seeing: Red Lion was hard hit in the economic downturn. However room rates have been rising along with occupancy rates and this combination is just what hotel operators need to prosper. Industry expert Jones Lang LaSalle is predicting more hotels will be purchased as investors react to the improving trends in this sector. You can read more abou this here
. Since these shares are trading close to their 52 week highs, I would wait for pullbacks before considering a buy.
Wausau Paper Corp. (WPP
) is trading around $6.74. Wausau makes paper products and is based in Wisconsin. These shares have traded in a range between $6.01 to $9.74 in the last 52 weeks. The 50 day moving average is $7.45 and the 200 day moving average is $7.82. Earnings estimates are at 45 cents for 2011 and 58 cents for 2012. The book value is stated at $5.30 per share. You can see the insider buying here
What Wausau insiders and other investors might be seeing: There has been recent and significant buying by a director and an officer at this company. This stock dropped when Wausau recently reported earnings that some investors found disappointing. The stock dropped from about $7.50 to current levels, so it appears that insiders might be doing some bargain hunting. You can see the company's quarterly earnings report here
Pacific Sunwear of California Inc. (PSUN
) is trading around $3.14. Pacific Sunwear is a specialty retailer based in California. These shares have seen a 52 week high of $6.84 and a low of $2.92 . The 50 day moving average is $3.84 and the 200 day moving average is $4.71. Based on earnings estimates this company is expected to post a loss for 2011, but that hasn't stopped a couple of insiders from making substantial and repeated buys. You can see the insider buys here
What Pacific Sunwear insiders and other investors might be seeing: There has been repeated and substantial insider buying in PSUN. Just today more buying with a total value of about $2.68 million was reported. This stock has dropped hard lately and insiders appear to be doing some bargain hunting. Also this stock could rise in a short squeeze. According to the latest data on shortsqueeze.com
, there are about 9.8 million shares short. Based on average volume of just over 1.28 million shares traded per day, it would take about eight days worth of volume to match the number of shares short.
Accuride Corp. (ACW
) is trading around $13.59. Accuride is a manufacturer of commercial vehicle parts. The 50 day moving average is $13.80 and the 200 day moving average is $13.16. These shares have traded in a range between $10.10 to $16.34 in the last 52 weeks. You can see the repeated insider buying here
What Accuride insiders and other investors might be seeing: A director recently reported buying about $55,000 worth of stock. This company recently reported improving financial results and saw sales increase about 29%. You can read their latest report here
The data is sourced from Yahoo Finance, Insidercow.com, Prontosec.com and Stockcharts.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in PSUN, ACW over the next 72 hours.