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Most often we see insiders cashing in and selling their shares. However, the stocks below have seen recent insider buying, which can be a great sign that a stock is a real value or that it is probably going higher in the near future. When you see insider buying at depressed prices, it often means the shares are oversold and offer great long term value. These stocks are all trading well off their recent highs and now look cheap thanks to the market correction. I have provided links for each stock which verifies the insider buying filed with the SEC below. Here are the stocks:

American Axle (NYSE:AXL) shares are trading at $9.58. AXL is a leading manufacturer of automotive components. The 50 day moving average is about $10.29 and the 200 day moving average is about $11.99. Earnings estimates for AXL are $1.79 per share in 2011. The PE ratio is about 5. On August 25, 2011, the CFO reported buying 3,000 shares. You can see the repeated insider buying here.

Inland Real Estate (NYSE:IRC) is trading around $8.15. Inland is based in Illinois and invests primarily in shopping centers and retail properties. These shares have traded in a range between $6.80 to $9.99 in the last 52 weeks. The 50 day moving average is $8.40 and the 200 day moving average is $8.67. The book value is stated at $4.53. IRC pays a solid dividend of 57 cents per share which is equivalent to a 7% yield. On August 26, 2011, a director reported buying 1,000 shares. You can see the insider buying here.

Ligand Pharmaceuticals, Inc. (NASDAQ:LGND) is trading around $15.16. Ligand is a biotechnology company based in California. These shares have traded in a range between $8.14 to $15.88 in the last 52 weeks. The 50 day moving average is $12.18 and the 200 day moving average is $10.32. LGND is estimated to earn about 26 cents per share in 2011. On August 26, 2011, one director reported buying over 50,000 shares. You can see the repeated insider buying here.

MGIC Investment Corp. (NYSE:MTG) is trading around $2.75. MGIC is a surety and title insurance company and is based in Wisconsin. The 50 day moving average is $4.12 and the 200 day moving average is $7.61. These shares have traded in a range between $1.59 to $11.79 in the last 52 weeks. Earnings estimates for MTG are for a loss in 2011 and profit of 25 cents in 2012. This stock has plunged and recently hit new 52 week lows over concerns that the housing crisis will continue. However, the stock appears to be oversold and insiders have been buying repeatedly, the CFO just reported buying 20,000 on August 26, 2011. See the insider buying here.

Royal Caribbean Cruises (NYSE:RCL) shares are trading at $26.09. RCL is a major cruise line company, based in Miami. The 50 day moving average is $31.19 and the 200 day moving average is $39.44. Earnings estimates for RCL are for a profit of about $3.18 cents per share in 2011 and $3.82 in 2012. The CEO just reported buying 66,000 shares on August 26, 2011. See the insider buying here.

Snyder's-Lance Inc. (NASDAQ:LNCE) is trading around $22.22. Lance makes a variety of snack foods, cookies, and candies. These shares have seen a trading range of $17.06 to $24.26 in the past 52 weeks. The 50 day moving average is $20.87 and the 200 day moving average is $20.49. On August 26, 2011, one insider reported buying over 10,000 shares. You can see the repeated insider buying here.

Whirlpool Corp. (NYSE:WHR) shares are trading at $64.32. Whirlpool is a leading maker of appliances. The 50 day moving average is about $69 and the 200 day moving average is about $78.77. These shares have traded in a 52 week range between $55.91 and $92.28. Earnings estimates for WHR are about $11.90 per share in 2011 and $8.98 for 2012. WHR pays a dividend of $2 per share which is equivalent to a yield of 3.2%. An officer recently bought 3,000 shares. You can see the insider buying here.

The data is sourced from Yahoo Finance and Insidercow.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 only.

Source: 7 Stock Bargains Insiders Are Buying Now