Good morning: We start with a significant purchase… a 10% owner in MSC Industrial (MSM) bought $29 million in the stock. We have to flag the structure, and this is a controlling shareholder that continues to build a stake that he is in charge… When the person with the most to lose jacks up his ownership, that can outweigh everything, even if it’s an indirect purchase. Shares are down quite a bit from last week, so we have to consider the purchase as it’s at a price we haven’t seen since June. Next we have the CEO of Stewart Information Services (STC) loading up on part of a cluster purchase in the last few days. Frederick Eppinger bought $133,350 at $44.45… and we have this deal coming a day after three other directors bought shares… Shares haven’t been here since late October 2023 when we were back at higher interest rates and questions about inflation. Now… on the banking side, Northpointe Bancshares (NPB) Chairman and CEO Charles Williams bought $1.54 million in shares. Another director loaded up on another $184,762 in stock. And then, there’s Michael Barnes, the chairman and CEO of Tiptree (TIPT). He bought over $500,000 in the company holding… so bosses are backing their own stocks at multiple companies. The one to follow is Jacobson… His family built the company as a board member was purchasing shares… We’ll circle back… Stay positive, Garrett Baldwin You're currently a free subscriber to The Insider Buying Report . For the full experience, upgrade your subscription.
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