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Weekly Top Insider Buys Highlight for the Week of April 12

- By Shuda Xia

The largest Insider Buys this week were for Hyster-Yale Materials Handling Inc. (HY), Kinder Morgan Inc. (KMI), OPKO Health Inc. (OPK), and Tradeweb Markets Inc. (TW).

Hyster-Yale Materials Handling Inc. (HY): Group Member Thomas T. Rankin bought 903 shares

Group Member Thomas T. Rankin bought 903 shares of HY stock on April 10 at the average price of $64.97. The price of the stock has increased by 2.77% since.


Hyster-Yale Materials Handling Inc. is an American manufacturing company that focuses on designing, engineering, manufacturing, and selling a line of lift trucks and aftermarket parts. The company was spun off from NACCO Industries in 2012. Some of the company's subsidiaries include Nuvera Fuel Cells and Bolzoni SPA. The company has a market capitalization of $1.11 billion, and as of April 12 it traded at $66.77.

On Feb. 26 Hyster-Yale Materials Handling Inc. reported fourth quarter and full year 2018 results. Consolidated revenues increased 5.3% from the same quarter prior year while bookings increased 18.7% and ending backlog increased 30% from the same quarter prior year. Consolidated revenues were $837.7 million for the quarter while consolidated net loss was $1.2 million, or $0.07 per share, for the fourth quarter of 2018.

Kinder Morgan Inc. (KMI): Executive Chairman Richard D. Kinder bought 200 shares

Executive Chairman Richard D. Kinder bought 200 shares of KMI stock on April 11 at the average price of $19.75. The price of the stock has increased by 0.35% since.

Kinder Morgan Inc. is an American energy infrastructure company that specializes in owning and controlling oil and natural gas pipelines and terminals. Currently, the company is the largest energy infrastructure company in North America and operates approximately 84,000 miles of pipelines and owns about 180 terminals. The company has a market capitalization of $44.86 billion, and as of April 12 it traded at $19.82.

On Feb. 25 Kinder Morgan Inc. announced that its Board of Directors has appointed Catherine James as Vice President and General Counsel. Ms. James has practiced law for 27 years in the energy sector and served as the General Counsel of Dynergy from 2011 to 2018.

OPKO Health Inc. (OPK): CEO & Chairman Phillip Frost bought 30,000 shares

CEO & Chairman Phillip Frost bought 30,000 shares of OPK stock on April 11 at the average price of $2.49. The price of the stock has decreased by 0.4% since.

OPKO Health Inc. is an American pharmaceutical and medical test company. The company is mainly focused on diagnostics and pharmaceuticals, but also develops treatments for secondary hyperparathyroidism. In 2014, it acquired Laboratorio Arama de Uruguay. The company has a market capitalization of $1.53 billion, and as of April 12 it traded at $2.48.

On March 21 OPKO Health Inc. announced positive topline results from a Phase 2 dose escalation trial of POK 88003 to treat type 2 diabetes and obesity. The drug is a once weekly injectable oxyntomodulin compound. An optimized dosing regimen for the drug was evaluated based on data from a previous 420 patient Phase 2 study to improve glucose control and increase weight loss.

Tradeweb Markets Inc. (TW): Managing Director Enrico Bruni bought 30,000 shares

Managing Director Enrico Bruni bought 30,000 shares of TW stock on April 8 at the average price of $27.00. The price of the stock has increased by 55.07% since.

Tradeweb Markets Inc. is an American international financial services company that focuses on building and operating over the counter electronic marketplaces for companies that trade fixed income products. The clients of the company include large banks, asset managers, central banks, and insurance companies. The company has a market capitalization of $9.56 billion, and as of April 12 it traded at $41.87.

On April 11 Tradeweb Markets Inc. reported its March 2019 trade volume. Average daily volume was an all time high of $709.1 billion for March, while average daily volume of $179.3 billion in mortgages also represented an all time high. The company also reported a trade volume of $689 million in Chinese bonds and an average daily volume of $19 billion in credit derivatives.

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.

This article first appeared on GuruFocus.