7 Stocks Seeing Fresh Insider Buying

|
 |  Includes: BYD, CYTX, EPM, HRB, PCG, PHM, SD
by: Rougemont
A major market correction has created much lower stock prices, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last few weeks. 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:
Sandridge Energy (NYSE:SD) is trading around $7.08. Sandridge is an independent oil and gas company, based in Oklahoma. These shares have traded in a range between $4.50 to $13.34 in the last 52 weeks. The 50-day moving average is $8.64 and the 200-day moving average is $9.51. SD is estimated to earn about 5 cents per share in 2011, and 37 cents for 2012. An officer recently bought 4,000 shares worth about $26,000. See that here.
Pacific Gas & Electric (NYSE:PCG) is trading at $42.96. PCG is a utility company and is based in California. These shares have traded in a range between $37.57 to $48.63 in the last 52 weeks. The 50-day moving average is $41.47 and the 200-day moving average is $43.64. PCG is estimated to earn about $3.52 per share in 2011 and $3.67 for 2012. The dividend is $1.82 per share which is equivalent to a 4.3% yield. The CEO recently bought about 36,600 shares, which is worth well over $1 million. See that insider buy here.
PulteGroup, Inc. (NYSE:PHM) shares are trading at $4.51. PulteGroup is a leading home builder. These shares have traded in a range between $3.40 to $8.99 in the last 52 weeks. The 50-day moving average is $5.33 and the 200-day moving average is $7.01. The shares are trading below the stated book value of $5.49 per share. Earnings estimates indicate a loss for 2011 and small profit of about 19 cents for 2012. A couple of directors recently bought over 40,000 shares. See those insider buys here.
Boyd Gaming (NYSE:BYD) is trading around $5.66. Boyd is a casino gaming company and is based in Las Vegas. These shares have traded in a range between $4.91 to $12.78 in the last 52 weeks. The 50-day moving average is $7.03 and the 200-day moving average is $9.13. BYD is estimated to lose about 1 cent per share in 2011 and earn 21 cents for 2012. The dividend is 46 cents per share which is equivalent to a 2.6% yield. The CFO recently bought 10,000 shares. You can see the insider buying here

Cytori Therapeutics (CYTX) is trading at $3.37. Cytori is a biotechnology company focused on regenerative treatments and is based in California. These shares have traded in a range between $2.32 to $8.44 in the last 52 weeks. The 50-day moving average is $3.71 and the 200-day moving average is $5.43. Cytori is estimated to lose about 63 cents per share in 2011 and 63 cents for 2012. A director has bought several thousand shares in the past few weeks. See the insider buying here.
Evolution Petroleum Corporation (NYSEMKT:EPM) is trading at $7.27. Evolution is an independent oil and gas company, based in Texas. These shares have traded in a range between $5.50 to $8.80 in the last 52 weeks. The 50-day moving average is $6.86 and the 200-day moving average is $7.17. One insider just purchased over 200,000 shares. You can see the insider buying here.
H & R Block (NYSE:HRB) is trading at $13.74. HRB provides tax filing and other services. These shares have traded in a range between $10.13 to $18 in the last 52 weeks. The 50-day moving average is $14.11 and the 200-day moving average is $14.59. HRB is estimated to earn about $1.59 per share in 2011 and $1.74 for 2012. HRB pays a dividend of 60 cents per share which is equivalent to a 4.3% yield. The CEO recently bought about 10,000 shares which is worth around $140,000. 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.


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.