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A major market correction is creating some new stock bargains and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last few days and an article from CNNmoney states "corporate insiders are rushing to buy shares in their companies, suggesting that they think the recent sell-off in their stocks is overdone. 'There's a lot of buying and it's widespread across all market cap groups and all sectors,' said Ben Silverman, director of research at InsiderScore.com."
When you see insider buying at depressed prices, it often means the shares are oversold and offer great long term value. I have provided links for each stock which verifies the insider buying filed with the SEC below. Here are the stocks:
Accuride Corp. (ACW) is trading around $6.90. Accuride is a manufacturer of commercial vehicle parts. The 50 day moving average is $11.38 and the 200 day moving average is $13.27. These shares have traded in a range between $6.86 to $16.34 in the last 52 weeks. A couple of months ago, the CFO reported buying about $60,000 worth of stock. Other insiders have also been buying substantial amounts of stock in the past few days. You can see the repeated insider buying here. Less than a month ago this stock was trading over $12 and has been nearly cut in half in the market correction.

ATP Oil and Gas Corp. (ATPG) is trading at $10.29. ATPG is an independent oil and gas company based in Texas. These shares have traded in a range between $6.26 to $21.40 in the last 52 weeks. The 50 day moving average is $14.02 and the 200 day moving average is $16.27. The earnings estimates are for a loss of $1.62 per share in 2011, but analysts see profits of $1.49 per share for 2012. If ATPG achieves that level of profitability, these shares could jump to $30 in 2012. The CEO recently bought nearly $1 million worth of stock and two directors also made recent purchases totaling over $1.5 million. See that here.

Monmouth Real Estate Investment (MNR) is trading around $7.72. Monmouth is based in New Jersey and invests primarily in industrial properties. These shares have traded in a range between $7.11 to $8.87 in the last 52 weeks. The 50 day moving average is $8.16 and the 200 day moving average is $8.11. The book value is stated at $5.22. MNR pays a solid dividend of 60 cents per share which is equivalent to a 7.9% yield. The COO and directors have been making small but steady purchases throughout this year, and you can see that here.

The Howard Hughes Corporation (HHC) shares are trading at $50.18. HHC is a real estate investment trust and is based in Texas. These shares have traded in a 52 week range between $31 to $76.83. The 50 day moving average is $60.70. Earnings estimates for HHC are for a loss of $2.79 per share for 2011 and a profit of 34 cents for 2012. A couple of directors recently bought several thousand shares. You can see the insider buying here.

Pebblebrook Hotel Trust (PEB) is trading around $14.17. Pebblebrook is based in Maryland and invests primarily in hotel properties. These shares have traded in a range between $14.10 to $22.47 in the last 52 weeks. The 50 day moving average is $18.87 and the 200 day moving average is $20.13. The book value is stated at $17.25. PEB pays a dividend of 48 cents per share which is equivalent to a 3.2% yield. The CEO recently bought 10,000 shares. You can see the insider buying here.

One Liberty Properties, (OLP) is trading around $14.58. One Liberty is based in New York and invests primarily in commercial properties. These shares have traded in a range between $11.52 to $18.14 in the last 52 weeks. The 50 day moving average is $15.36 and the 200 day moving average is $15.24. The book value is stated at $15.24. OLP pays a solid dividend of $1.32 per share which is equivalent to a 8.9% yield. Insiders have been buying repeatedly throughout 2011 and recently bought more stock. You can see the repeated insider buying here.

Exxon Mobil, Inc. (XOM) shares trade for $69.80. Exxon is a major integrated oil and gas company, and is based in Texas. The earnings per share estimate is $8.57 for 2011 and $9.03 for 2012. These shares have traded in a range between $58.05 to $88.23 in the last 52 weeks. The 50 day moving average is $78.47 and the 200 day moving average is $78.67. The book value is stated at $31.99. XOM pays a solid dividend of $1.88 per share which is equivalent to a 2.7% yield. A director recently bought 10,000 shares for a total value of about $700,00. You can see the repeated insider buying here.

The data is sourced from Yahoo Finance and Insidercow.com. The information and data are 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 only.
Disclosure: I am long ATPG.
Source: 7 Stocks With Big New Insider Buys