4 Stocks And 1 Fund Insiders Are Buying

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 |  Includes: AGYS, AMRB, BIF, DMLP, SGU
by: StockMatusow

I ran a scan looking for stocks and funds with recent insider buying. I also list, for consideration, current news which could partly explain the insider buying. Insider buying often reflects how those associated with the company and/or fund feel about its future prospects, and also indicates confidence in future share price appreciation. I recommend investors who find the information useful in this article use this information as a starting point for their own due diligence.

American River Bankshares (NASDAQ:AMRB)

2/21/12 pps: $6.90

American River Bankshares operates as the holding company for American River Bank that provides commercial banking services to small to mid-sized businesses in California. It accepts checking and savings deposits, as well as offers money market deposit accounts and certificates of deposit.

AMRB reported earnings at $2.5 million 2011, considerably higher than $476,000 earned in 2010. Asset holdings improved to $581.5 million up from assets of $578.9 million year over year. AMRB announced last month, a stock repurchase plan for up to 5 percent of the company's outstanding stock.

AMRB earned $1 million in the fourth quarter of 2011, in comparison to $77,000 for the same period in 2010, a huge 1,235.1% increase. The Q4 earnings represent the second quarter in a row where the bank earned more than $1 million.

Insider Transactions Reported - Last Two Years

Date Insider Shares Type Transaction Value*
Feb 16, 2012 MUTTERA ROBERT HOfficer 1,500 Direct Purchase at $6.63 per share. 9,945
Feb 15, 2012 MUTTERA ROBERT HOfficer 5,000 Direct Purchase at $6.35 per share. 31,750
Feb 14, 2012 BENDER KEVINOfficer 25 Direct Acquisition (Non Open Market) at $0 per share. N/A
Feb 10, 2012 WRIGHT PHILIPOther 4,000 Direct Acquisition (Non Open Market) at $6.24 per share. 24,960
Click to enlarge

2 direct buys and 2 option grants. The company also recently announced bonuses to the company executives.

Star Gas Partners (NYSE:SGU)

2/21/12 pps: $4.63

Star Gas through its subsidiary Petro Holdings, Inc., operates as a home heating oil distributor and services provider in the United States.

On Feb. 7, 2012, Star released earnings for the three-month period ended December 31, 2011 and for the fiscal 2012 first quarter, Star reported a 0.4 percent increase in total revenues to $461.5 million, compared with total revenues of $459.5 million in the prior year period.

Dan Donovan, Star Gas Partners' Chief Executive Officer remarked:

This was clearly a tough quarter for Star, as we faced weather conditions nearly the opposite of last year. Of course, such variations in temperature are not uncommon, particularly during a short time period, but the comparison this quarter was dramatic. November and December of 2011, taken together, was the third warmest such period over the last 30 years in our footprint, while 2010's equivalent time frame was the fourth coldest. Even given such challenging conditions, which have continued into January 2012, we remain dedicated to improving operating efficiencies, diversifying our products and services, and maintaining excellent customer service.

Even with what seems like bad news for Star Gas, the insiders are buying substantial blocks of shares in the company:

Insider Transactions Reported

Date Insider Shares Type Transaction Value*
Feb 17, 2012 AMBURY RICHARDOfficer 6,000 Direct Purchase at $4.55 per share. 27,300
Feb 13, 2012 GOLDMAN STEVEN JAYOfficer 3,000 Direct Purchase at $4.36 - $4.37 per share. 13,0002
Feb 13, 2012 VERMYLEN PAUL A JRDirector 22,500 Direct Purchase at $4.39 per share. 98,775
Feb 10, 2012 BABCOCK HENRY DDirector 10,000 Direct Purchase at $4.35 - $4.4 per share. 44,0002
Feb 10, 2012 VERMYLEN PAUL A JRDirector 22,500 Direct Purchase at $4.37 per share. 98,325
Click to enlarge

All of these substantial buys occurred after the company's earnings report. This is significant, as it indicates these top insiders feel things will drastically improve. 63,000 share purchased by insiders in a one week period is bullish. The stock indicates a possible 20% gain this year, so investors might want to join the insiders on this one and buy some shares.

FIRST OPPTY FUND (FOFI.PK)

2/21/12 pps: $6.77

FOFI is a closed-end fund that has highly concentrated positions in hedge funds which total about 51% of the fund assets and are managed by Vanguard's Wellington fund. FOFI trades as a pink sheet on the OTC market.

FOFI is basically a hedge fund that allows the average investor to participate in. A normal hedge fund is harder for many investors to take part in. They normally require one to be an accredited investor with a net worth of at least $1 million.

Insider buying of this fund is mainly being done by one family; The Horejsi family. Does that name sound familiar? It should for those who closely follow the market, the Horejsi family were early investors in Warren Buffett's Berkshire Hathaway (NYSE:BRK.A).

Insider Transactions Reported

Date Insider Shares Type Transaction Value*
Feb 16, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 1,870 Direct Purchase at $6.74 - $6.76 per share. 13,0002
Feb 15, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 19,091 Direct Purchase at $6.74 - $6.8 per share. 129,0002
Feb 14, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 14,776 Direct Purchase at $6.70 - $6.71 per share. 99,0002
Feb 13, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 3,984 Direct Purchase at $6.65 - $6.7 per share. 27,0002
Feb 9, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 6,038 Direct Purchase at $6.70 - $6.72 per share. 41,0002
Feb 8, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 18,000 Direct Purchase at $6.65 - $6.72 per share. 120,0002
Feb 7, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 8,000 Direct Purchase at $6.65 - $6.72 per share. 53,0002
Feb 6, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 7,000 Direct Purchase at $6.56 - $6.65 per share. 46,0002
Feb 2, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 32,700 Direct Purchase at $6.53 - $6.55 per share. 214,0002
Jan 30, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 17,469 Direct Purchase at $6.45 - $6.48 per share. 113,0002
Jan 26, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 13,227 Direct Purchase at $6.44 - $6.48 per share. 85,0002
Jan 24, 2012 LOLA BROWN TRUST 1BBeneficial Owner (10% or more) 10,000 Direct Purchase at $6.42 - $6.44 per share. 64,0002
Jan 23, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 7,600 Direct Purchase at $6.45 - $6.47 per share. 49,0002
Jan 19, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 3,783 Direct Purchase at $6.37 - $6.4 per share. 24,0002
Jan 18, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 10,678 Direct Purchase at $6.33 - $6.36 per share. 68,0002
Jan 17, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 7,000 Direct Purchase at $6.32 - $6.33 per share. 44,0002
Jan 12, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 7,968 Direct Purchase at $6.30 per share. 50,198
Jan 11, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 10,667 Direct Purchase at $6.30 - $6.31 per share. 67,0002
Jan 10, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 350 Direct Purchase at $6.31 per share. 2,208
Jan 9, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,252 Direct Purchase at $6.26 - $6.29 per share. 33,0002
Jan 5, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 1,400 Direct Purchase at $6.24 per share. 8,736
Jan 4, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 10,000 Direct Purchase at $6.20 - $6.22 per share. 62,0002
Jan 3, 2012 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 691 Direct Purchase at $6.26 per share. 4,325
Dec 29, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 9,677 Direct Purchase at $6.16 - $6.17 per share. 60,0002
Dec 28, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $6.17 per share. 30,850
Dec 22, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $6.15 per share. 30,750
Dec 20, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 6,904 Direct Purchase at $6.15 - $6.17 per share. 43,0002
Dec 19, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 2,700 Direct Purchase at $6.15 per share. 16,605
Dec 15, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $6.13 per share. 30,650
Dec 14, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 6,447 Direct Purchase at $6.12 per share. 39,455
Dec 13, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 14,712 Direct Purchase at $6.15 - $6.17 per share. 91,0002
Dec 12, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 12,000 Direct Purchase at $6.16 per share. 73,920
Dec 8, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 6,000 Direct Purchase at $6.20 per share. 37,200
Dec 7, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,938 Direct Purchase at $6.23 per share. 36,993
Dec 6, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 2 Direct Purchase at $6.23 per share. 12
Dec 1, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 4,220 Direct Purchase at $6.18 per share. 26,079
Nov 23, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 1,000 Direct Purchase at $6.10 per share. 6,100
Nov 21, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,287 Direct Purchase at $6.13 per share. 32,409
Nov 18, 2011 NORGAARD STEVEN KDirector N/A Direct Statement of Ownership N/A
Nov 1, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 274 Direct Purchase at $6.19 per share. 1,696
Oct 24, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 6,106 Direct Purchase at $6.32 - $6.35 per share. 39,0002
Oct 22, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $6.16 per share. 30,800
Oct 12, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 500 Direct Purchase at $6.29 per share. 3,145
Oct 11, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 7,000 Direct Purchase at $6.25 - $6.26 per share. 44,0002
Oct 4, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $5.78 per share. 28,900
Oct 3, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $6 per share. 30,000
Sep 29, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 826 Direct Purchase at $6.11 per share. 5,046
Sep 27, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 17,600 Direct Purchase at $6.25 per share. 110,000
Sep 26, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 23,362 Direct Purchase at $6.01 - $6.08 per share. 141,0002
Sep 22, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $6.10 per share. 30,500
Sep 21, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 14,180 Direct Purchase at $6.19 - $6.23 per share. 88,0002
Sep 15, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 3,985 Direct Purchase at $6.48 per share. 25,822
Sep 14, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 2,000 Direct Purchase at $6.48 per share. 12,960
Sep 1, 2011 CICIORA SUSAN LDirector 5,800 Direct Purchase at $6.48 - $6.5 per share. 38,0002
Aug 30, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,600 Direct Purchase at $6.53 - $6.61 per share. 37,0002
Aug 29, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 6,010 Direct Purchase at $6.50 - $6.52 per share. 39,0002
Aug 25, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 15,750 Direct Purchase at $6.48 - $6.51 per share. 102,0002
Aug 24, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 9,933 Direct Purchase at $6.59 per share. 65,458
Aug 23, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 9,800 Direct Purchase at $6.38 - $6.41 per share. 63,0002
Aug 22, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 11,325 Direct Purchase at $6.36 - $6.41 per share. 72,0002
Aug 18, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 9,910 Direct Purchase at $6.45 per share. 63,919
Aug 16, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,000 Direct Purchase at $6.53 per share. 32,650
Jul 26, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 9,572 Direct Purchase at $6.99 - $7 per share. 67,0002
Jul 25, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 5,800 Direct Purchase at $7.03 per share. 40,774
Jul 21, 2011 MILDRED B. HOREJSI TRUSTBeneficial Owner (10% or more) 3,065 Direct Purchase at $7.04 - $7.1 per share. 22,0002
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Mildred and Lola sure seem to like this closed end fund quite a bit! There has not been any sales that I can find, just consistent buys as you see above. Investors might want to consider this fund to allot some money into for some extra diversification.

The Horejsi family are also buying up the Denali Fund Inc (DNY), the Boulder Total Return Fund (BTF), and the Boulder Growth & Income Fund (NYSE:BIF), so you might want to check those out as well, if you qualify to invest into those funds.

Agilysys (NASDAQ:AGYS)

2/21/12 pps: $8.12

Agilysys provides information technology solutions to corporate and public-sector customers primarily in North America.

Insider Transactions Reported

Date Insider Shares Type Transaction Value*
Feb 15, 2012 ELLIS ROBERT ROfficer 10,000 Direct Purchase at $9.29 - $9.3 per share. 93,0002
Feb 13, 2012 ELLIS ROBERT ROfficer 7,699 Direct Purchase at $7.15 per share. 55,047
Feb 13, 2012 DENNEDY JIMOfficer 10,000 Direct Purchase at $7.40 per share. 74,000
Feb 13, 2012 BADGER KYLE COfficer 10,520 Direct Purchase at $7.16 - $7.25 per share. 76,0002
Feb 10, 2012 DENNEDY JIMOfficer 500 Direct Automatic Purchase at $7.01 per share. 3,505
Jan 20, 2012 DENNEDY JIMOfficer 500 Direct Automatic Purchase at $8.20 per share. 4,100
Jan 10, 2012 DENNEDY JIMOfficer 500 Direct Automatic Purchase at $7.92 per share. 3,960
Click to enlarge

There has been some significant buys lately of this company, namely, the company CEO Jim Dennedy and CFO Robert Ellis. Dennedy has somewhat of a reputation of being involved with companies that end up being bought out.

As President of Engryo, he sold his firm to Microsoft (NASDAQ:MSFT) in 2007, and as a board member of Entrust, he helped sell that firm as well. This guy is not buying shares in Agilysys without a good reason. I smell a possible buy-out coming here with Agilysys.

Dorchester Minerals (NASDAQ:DMLP)

2/21/12 pps: $23.17

Dorchester Minerals engages in the acquisition, ownership, and administration of producing and non-producing natural gas and crude oil royalty, net profits, and leasehold interests in the United States.

Over the past 12 months, Dorchester Minerals generated $52.4 million cash while it booked net income of $37.5 million, turning 82% of its revenue into price to free cash flow (FCF.) Dorchester also pays a nice dividend of 7.55%, paying out $0.448553 last quarter.

Insider Transactions Reported

Date Insider Shares Type Transaction Value*
Feb 8, 2012 ALLEN H C JROfficer 1,450 Direct Purchase at $22.65 - $22.83 per share. 33,0002
Feb 7, 2012 ALLEN H C JROfficer 1,000 Direct Purchase at $22.95 per share. 22,950
Dec 7, 2011 RALEY JAMES EOfficer 3,000 Direct Purchase at $21.99 per share. 65,970
Dec 1, 2011 ALLEN H C JROfficer 2,000 Direct Purchase at $22.05 per share. 44,100
Nov 16, 2011 ALLEN H C JROfficer 2,000 Direct Purchase at $24.19 per share. 48,380
Nov 15, 2011 ALLEN H C JROfficer 2,000 Direct Purchase at $24.32 per share. 48,640
Nov 3, 2011 ALLEN H C JROfficer 500 Direct Purchase at $24 per share. 12,000
Nov 2, 2011 ALLEN H C JROfficer 1,500 Direct Purchase at $24 per share. 36,000
Sep 12, 2011 RALEY JAMES EOfficer 3,000 Direct Purchase at $23 per share. 69,000
Aug 10, 2011 RALEY JAMES EOfficer 2,000 Direct Purchase at $24.10 per share. 48,200
Jun 15, 2011 RALEY JAMES EOfficer 3,000 Direct Purchase at $25.36 per share. 76,080
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Going back to last summer, we can see insiders have been consistently buying the stock around the pps range it currently sells for. The insiders obviously are feeling bullish about their company. Coupling this with the nice dividend payout, investors might want to put Dorchester on their radar.

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

Disclaimer: This article is intended for informational and entertainment use only and should not be construed as professional investment advice. Always do you own complete due diligence before buying and selling any stock.