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Insider buying is a helpful tool to gauge the prospects for a company - since company insiders know more about their company than anyone else, their decision to buy company stock is pretty well informed. When a stock sees increased insider buying, it’s a signal to take a second look.

We ran a screen on high growth stocks, with 5-year projected EPS growth above 20%. We screened these stocks for those seeing significant net insider buying over the last six months. Finally, we screened for those that appear undervalued to earnings growth, with PEG below 1.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think insiders are calling it right on their companies? Use this list as a starting-off point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. American Superconductor Corporation (NASDAQ:AMSC): Diversified Electronics Industry. Market cap of $354.39M. PEG at 0.27. 5-year projected EPS growth at 30.0%. Net insider shares purchased over the last six months at 1.51M, which is 3.86% of the company's 39.07M share float. The stock is a short squeeze candidate, with a short float at 21.34% (equivalent to 6.44 days of average volume). The stock has had a couple of great days, gaining 36.26% over the last week.

2. Roadrunner Transportation Systems, Inc. (NYSE:RRTS): Air Delivery & Freight Services Industry. Market cap of $470.31M. PEG at 0.83. 5-year projected EPS growth at 28.87%. Net insider shares purchased over the last six months at 44.50K, which is 0.59% of the company's 7.48M share float. The stock has had a couple of great days, gaining 20.66% over the last week.

3. Jefferies Group Inc. (JEF): Investment Brokerage Industry. Market cap of $3.41B. PEG at 0.51. 5-year projected EPS growth at 25.83%. Net insider shares purchased over the last six months at 766.0K, which is 0.37% of the company's 207.35M share float. The stock has had a couple of great days, gaining 17.16% over the last week.

4. PennyMac Mortgage Investment Trust (NYSE:PMT): REIT Industry. Market cap of $467.71M. PEG at 0.37. 5-year projected EPS growth at 25.0%. Net insider shares purchased over the last six months at 77.25K, which is 0.34% of the company's 22.84M share float. The stock has gained 8.65% over the last year.

5. Calgon Carbon Corporation (NYSE:CCC): Pollution & Treatment Controls Industry. Market cap of $910.22M. PEG at 0.87. 5-year projected EPS growth at 25.0%. Net insider shares purchased over the last six months at 40.10K, which is 0.07% of the company's 55.42M share float. The stock is a short squeeze candidate, with a short float at 7.3% (equivalent to 6.88 days of average volume). The stock has had a couple of great days, gaining 8.12% over the last week.

6. Kronos Worldwide Inc. (NYSE:KRO): Specialty Chemicals Industry. Market cap of $2.57B. PEG at 0.56. 5-year projected EPS growth at 20.50%. Net insider shares purchased over the last six months at 15.29K, which is 0.07% of the company's 21.55M share float. The stock has had a couple of great days, gaining 12.74% over the last week. The stock has performed poorly over the last month, losing 28.26%.

*Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 6 Undervalued, High Growth Stocks Being Snapped Up By Insiders