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Here are six stocks have seen heavy recent insider buying.

Cedar Fair, LP. (FUN) shares are trading at $22.21. Cedar Fair operates amusement parks and is based in Ohio. The 50-day moving average is about $19.48 and the 200-day moving average is about $15.89. The 52-week range is $10.99 to $22.69. Earnings estimates are at $1.11 for 2011 and $2.09 for 2012. This gives FUN shares a PE ratio of about 10 times forward earnings. The annual dividend is 40 cents per share which is a yield of about 1.8%. You can see the insider buying here.

Cedar Fair has been reporting improving financial results and as the economy continues to grow, it looks like the stock makes sense for the long term. This company recently refinanced its debt, which puts it in a better position financially. You can read more about this here.

Pebblebrook Hotel Trust (PEB) is trading around $21.29. Pebblebrook is based in Maryland and invests primarily in hotel properties. These shares have traded in a range between $16.85 to $22.47 in the last 52 weeks. The 50-day moving average is $21.36 and the 200-day moving average is $19.85. The book value is stated at $17.25. You can see the insider buying here.

Room rates have been rising for hotels along with occupancy rates. The CEO, Jon Bortz, recently said: “Demand for hotel rooms across the U.S. grew strongly in the first quarter of the year, benefitting from a further recovery in business travel, including both group and transient travel,” You can see that quote and financial results here. PEB pays a dividend of 48 cents per share, which is equivalent to a 2.3% yield.

Inland Real Estate (IRC) is trading around $9.31. Inland is based in Illinois and invests primarily in shopping centers and retail properties. These shares have traded in a range between $7.17 to $9.99 in the last 52 weeks. The 50-day moving average is $9.30 and the 200-day moving average is $8.58. The book value is stated at $4.53. You can see the repeated insider buying here.

Inland recently reported 2010 results which saw a rise in revenues to $44.2 million from $40.8 million. Also, leased occupancy for the REIT's total portfolio rose to 93.3 percent at the end of the quarter. See the latest financial report here. IRC pays a solid dividend of 57 cents per share, which is equivalent to a 6.1% yield.

Mead Johnson Nutrition Co. (MJN) is trading around $67.60. Mead Johnson is a producer of infant formulas and other food products. These shares have seen a trading range of $46.17 to $68.20 in the past 52 weeks. The 50-day moving average is $60.39 and the 200-day moving average is $58.46. Insiders have been making substantial buys.

MJN recently reported better than expected profits. MJN pays a solid dividend of $1.04 per share which is equivalent to a 1.6% yield. These shares have rallied lately, so I would wait for pullbacks before considering a buy.

Chimera Investment Corporation (CIM) is trading around $3.91. Chimera is a real estate investment trust and is based in New York. These shares have traded in a range between $3.51 to $4.36 in the last 52 weeks. The 50-day moving average is $4 and the 200-day moving average is $3.84. CIM is estimated to earn about 61 cents per share in 2011. You can see the repeated insider buying here.

CIM pays a solid dividend of 56 cents per share, which is equivalent to a 14% yield. The book value is stated at $3.45. This stock has dipped a little in the past few trading sessions and it looks like insiders are taking advantage of the lower price.

Six Flags Entertainment Corp. (SIX) shares are trading at $77.38. Six Flags operates amusement parks and is based in Texas. The 50-day moving average is about $70.19 and the 200-day moving average is about $54.71. The 52 week range is $31.85 to $78.14. Earnings estimates are at 2 cents for 2011 and $1.45 for 2012. The annual dividend is 24 cents per share, which is a yield of about .3%. You can see the insider buying here.

These shares are trading well above their moving averages. I can't see a clear reason why insiders are buying shares, and at these levels I would be selling them. Cedar Fair shares look like a much better value.

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.

Source: 6 Stocks With Heavy Insider Buying