Last Week’s Notable Insider Buys: IBM, Intel, Raytheon And More, , on October 31, 2020 at 6:39 pm

By ILP
On 10/31/2020
Tags:

* Insider buying can be an encouraging signal for potential investors when markets face uncertainty. * Insiders were buying shares of a couple of semiconductor makers and an old-school tech giant last week. * Some chief executives were among the insiders making trips to the buy window. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when markets are near all-time highs.Though buy windows have closed for many insiders during earnings-reporting season, plenty of others continued to add shares despite market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week.The Live Oak Bancshares Inc. (NASDAQ: LOB) CEO, James Mahan, via trust purchased over 154,300 shares of this North Carolina-based bank at prices ranging from $33.02 to $35.00 apiece. That cost him more than $5.27 million. Note that Mahan also bought 233,000 shares back in August.An executive and two other insiders at newly public Foghorn Therapeutics Inc (NASDAQ: FHTX) bought more than 305,000 shares at the IPO price of $16.00. That totaled almost $4.90 million. Note that one of those insiders, listed as a former 10% owner, was the Abu Dhabi Investment Authority.Raytheon Technologies Corp. (NYSE: RTX) saw Chief Executive Officer Gregory Hayes pick up 55,000 shares of this aerospace and defense company. Four other insiders cumulatively bought more than 30,000 shares as well. At $52.28 to $55.20 per share, those transactions totaled over $4.59 million altogether.A beneficial owner at Safety Insurance Group Inc. (NASDAQ: SAFT) returned to add to a stake. The more than 48,500 shares of this Boston-based company indirectly scooped up, at prices ranging from $68.25 to $69.94, totaled almost $3.35 million. That owner bought 100 shares in the previous week as well.IBM (NYSE: IBM) had four directors acquire over 16,700 shares altogether of this old-school tech giant last week. At $107.49 to $110.75 per share, that added up to more than $1.82 million. Note that a different insider sold less than 7,000 shares back in August for more than $126 apiece.A director at Crown Castle International Corp. (NYSE: CCI) picked up more than 8,000 shares of this communications infrastructure company, some of them via family trust. At prices ranging from $160.85 to $161.75 per share, the total for those purchases came to more than $1.29 million.A director paid between $132.47 and $132.85 each for 3,000 Kimberly Clark Corp. (NYSE: KMB) shares late last week. That cost him around $398,000 and brought his stake in this Dallas-based consumer products company to more than 48,400 shares.See also: 5 Election-Proof Stock Ideas Ahead Of Biden-Trump DecisionIntel Corp. (NYSE: INTC) CEO Bob Swan stepped up to the buy window midweek. At $44.96 apiece, the more than 8,000 shares he acquired added up to more than $360,600. Note that the purchase price is not much above the 52-week low of $43.61 seen on Friday.A Genuine Parts Co. (NYSE: GPC) director added 2,200 more shares of this Atlanta-based vehicle parts maker last week. At around $91.72 per share, that cost him more than $201,700. Note that this director also bought 2,000 shares of Oxford Industries in September.And NXP Semiconductors NV (NASDAQ: NXPI) saw a director add shares to her stake. At $134.30 a share, the 1,500 shares cost her more than $201,400 and more than doubled the stake. Note that another director sold almost twice as many shares on the same day for a slightly higher price.Note that there also was some smaller amount of insider buying at Bank of Hawaii Corp. (NYSE: BOH), Crown Holdings Inc. (NYSE: CCK), Perspecta Inc. (NYSE: PRSP) and Texas Capital Bancshares Inc. (NASDAQ: TCBI) posted last week.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Click here for options trades from Benzinga * Last Week’s Notable Insider Buys: Del Taco, First American And More * Barron’s Picks And Pans: Coca-Cola, Sprouts Farmers Market, Mirati Therapeutics And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.,

Last Week's Notable Insider Buys: IBM, Intel, Raytheon And More* Insider buying can be an encouraging signal for potential investors when markets face uncertainty. * Insiders were buying shares of a couple of semiconductor makers and an old-school tech giant last week. * Some chief executives were among the insiders making trips to the buy window. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when markets are near all-time highs.Though buy windows have closed for many insiders during earnings-reporting season, plenty of others continued to add shares despite market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week.The Live Oak Bancshares Inc. (NASDAQ: LOB) CEO, James Mahan, via trust purchased over 154,300 shares of this North Carolina-based bank at prices ranging from $33.02 to $35.00 apiece. That cost him more than $5.27 million. Note that Mahan also bought 233,000 shares back in August.An executive and two other insiders at newly public Foghorn Therapeutics Inc (NASDAQ: FHTX) bought more than 305,000 shares at the IPO price of $16.00. That totaled almost $4.90 million. Note that one of those insiders, listed as a former 10% owner, was the Abu Dhabi Investment Authority.Raytheon Technologies Corp. (NYSE: RTX) saw Chief Executive Officer Gregory Hayes pick up 55,000 shares of this aerospace and defense company. Four other insiders cumulatively bought more than 30,000 shares as well. At $52.28 to $55.20 per share, those transactions totaled over $4.59 million altogether.A beneficial owner at Safety Insurance Group Inc. (NASDAQ: SAFT) returned to add to a stake. The more than 48,500 shares of this Boston-based company indirectly scooped up, at prices ranging from $68.25 to $69.94, totaled almost $3.35 million. That owner bought 100 shares in the previous week as well.IBM (NYSE: IBM) had four directors acquire over 16,700 shares altogether of this old-school tech giant last week. At $107.49 to $110.75 per share, that added up to more than $1.82 million. Note that a different insider sold less than 7,000 shares back in August for more than $126 apiece.A director at Crown Castle International Corp. (NYSE: CCI) picked up more than 8,000 shares of this communications infrastructure company, some of them via family trust. At prices ranging from $160.85 to $161.75 per share, the total for those purchases came to more than $1.29 million.A director paid between $132.47 and $132.85 each for 3,000 Kimberly Clark Corp. (NYSE: KMB) shares late last week. That cost him around $398,000 and brought his stake in this Dallas-based consumer products company to more than 48,400 shares.See also: 5 Election-Proof Stock Ideas Ahead Of Biden-Trump DecisionIntel Corp. (NYSE: INTC) CEO Bob Swan stepped up to the buy window midweek. At $44.96 apiece, the more than 8,000 shares he acquired added up to more than $360,600. Note that the purchase price is not much above the 52-week low of $43.61 seen on Friday.A Genuine Parts Co. (NYSE: GPC) director added 2,200 more shares of this Atlanta-based vehicle parts maker last week. At around $91.72 per share, that cost him more than $201,700. Note that this director also bought 2,000 shares of Oxford Industries in September.And NXP Semiconductors NV (NASDAQ: NXPI) saw a director add shares to her stake. At $134.30 a share, the 1,500 shares cost her more than $201,400 and more than doubled the stake. Note that another director sold almost twice as many shares on the same day for a slightly higher price.Note that there also was some smaller amount of insider buying at Bank of Hawaii Corp. (NYSE: BOH), Crown Holdings Inc. (NYSE: CCK), Perspecta Inc. (NYSE: PRSP) and Texas Capital Bancshares Inc. (NASDAQ: TCBI) posted last week.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Click here for options trades from Benzinga * Last Week’s Notable Insider Buys: Del Taco, First American And More * Barron’s Picks And Pans: Coca-Cola, Sprouts Farmers Market, Mirati Therapeutics And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

,

Contact Us

Please use our Instant Quote form to see if you're pre-qualified for a non-recourse stock loan, or if you have any questions or feedback, please email, call or chat with us.

deals@internationalliquiditypartners.com

+44 20 3994 1588

Headquarters: Hunkins Waterfront Plaza, Charlestown, Nevis

Open 24 hours a day / 7 days a week / 365 days a year

 

 

 

Frequently Asked Questions

What Is Securities-Based Lending?
Securities-based lending, or a stock loan, is the practice of using market investments such as stocks, ETF’s, warrants, bonds, or real estate investment trusts as collateral for a loan.
How much money can I get for my securities?
Borrow up to 80% of the value of your pledged investments giving you the capital you need to expand your business, purchase real estate, or tackle a costly project.
What happens if my securities lose value?
With a non-recourse stock loan, you can walk away from your securities at any time and keep the loan money with no negative credit consequences even if the investments lose value.
Is my information safe with ILP?
We pride ourselves on outstanding service and make client confidentiality our top priority. You can always be absolutely certain your information is safe with us.
How long does it take for the disbursement of funds?
Most of the transactions we process take less than 7 days from application to the disbursement of funds giving you cash quickly when you need it most.
What credit score do I need to qualify?
There are no credit checks or personal guarantees necessary with our services. Your pledged securities are the only collateral required for the loan you receive.

Instant Quote

Please fill out your information to see if you are pre-qualified.

Enter the Stock Symbol.

Select the Exchange.

Select the Type of Security.

Please enter your First Name.

Please enter your Last Name.

Please enter your phone number.

Please enter your Email Address.

Please enter or select the Total Number of Shares you own.

Please enter or select the Desired Loan Amount you are seeking.

Please select the Loan Purpose.

Please select if you are an Officer/Director.

International Liquidity Partners, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

International Liquidity Partners, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with International Liquidity Partners, LLC’s internal lending policies. International Liquidity Partners, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

Please read the notice above and check the box below to continue.

Nevis Office

Main Street
Hunkins Waterfront Plaza
Charlestown, Nevis

New York Office

Coming Soon!

Market Coverage