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Top Insider Buys Highlight for the Week of Oct. 18


The largest insider buys this week were in Catalyst Pharmaceuticals Inc. (NASDAQ:CPRX), Keurig Dr Pepper Inc. (NYSE:KDP), Hersha Hospitality Trust (NYSE:HT) and Jernigan Capital Inc. (NYSE:JCAP).

Catalyst Pharmaceuticals director bought 10,000 shares

Director Charles B. O'Keeffe bought 10,000 shares on Oct. 11 for an average price of $4.7. The stock has gained 11.7% since then.

Catalyst Pharmaceuticals is an American biotechnology company that focuses on developing therapeutics for rare neurological diseases, which includes the phosphate salt of amifampridine for the treatment of Lambert-Eaton myasthenic syndrome. The company is a component of the Russell 2000. It has a market capitalization of $540.37 million; as of Oct. 18, it traded at $5.25.

On Sept. 13, Catalyst Pharmaceuticals announced that it will not conclude the offering of shares of its common stock previously announced on Sept. 11. The company stated it believes the culmination of an offering at the current market price is not in the best interest of its stockholders.

Keurig Dr Pepper chief human resources officer bought 6,000 shares

Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares on Oct. 15 for an average price of $27.54 per share. The stock has gained 0.18% since then.

Keurig Dr Pepper is an American beverage conglomerate. Its East Coast division sells coffee, beverages and Keurig brewers. As of July 2018, the company also sells sodas, juices and other soft drinks from its Dr Pepper Snapple division in Texas. The company has a market capitalization of $38.81 billion; as of Oct. 18, it traded at $27.59.

On Sept. 26, Keurig Dr Pepper announced a long-term master licensing and distribution agreement with McDonald's USA for McCafe packaged coffee in the U.S. Under this agreement, the company will continue to be the exclusive manufacturer of McCafe K-Cup pods in the U.S. The company will also be responsible for coffee sourcing, distribution and marketing for the K-Cup McCafe brands beginning in the second half of 2020.

Hersha Hospitality Trust president and chief operating officer bought 3,571 shares

President and COO Neil H. Shah bought 3,571 shares on Oct. 14 for an average price of $13.9 per share. The share price has declined 2.81% since then.

Hersha Hospitality is an American real estate investment trust that focuses on investing in hotels. As of the end of 2018, the company wholly owns 38 hotels comprising of 6,104 rooms and partially owns nine hotels consisting of 1,425 rooms. All the company's investments are located on either the West or the East coast of the U.S. The company has a market capitalization of $530.54 million; as of Oct. 18, it traded at $13.51.

On Sept. 19, Hersha Hospitality announced its board of trustees has declared a cash dividend of 42.97 cents per series C preferred share, 40.63 cents per series D preferred share and 40.62 cents per series E preferred share, among others. The preferred share dividends were paid on Oct. 15 to holders of record at the close of business on Oct. 1.

Jernigan Capital director bought 1,085 shares

Director Mark O. Decker bought 1,085 shares on Oct. 16 for an average price of $20.07 per share. The stock has declined 5.83 % since then.

Jernigan Capital is an American REIT that focuses on providing debt and equity capital to private developers, owners and operators of self-storage facilities with a goal to eventual ownership of the facilities the company finances. The company has a market capitalization of $420.29 million; as of Oct. 18, it traded at $18.90.

On Sept. 17, Jernigan Capital announced it has acquired the membership interests of its developer partners in the five self-storage facilities underlying its Miami bridge portfolio as well as its Jacksonville 2 development investment. These six properties have a combined 437,343 net rentable square feet and the current weighted average physical occupancy of these facilities is 73.6%.

For the complete list of stocks that were bought by their company executives, go to insider trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.