This article summarizes the most significant insider buying and selling activities reported for US stocks on Tuesday, January 14, 2025.
Top Insider Buys:
Designer Brands Inc. (NYSE: DBI ): SH Capital Partners (WA: CPAP ) made substantial purchases of Designer Brands stock, increasing their total holdings to 5,500,000 shares. Designer Brands, a leading shoe retailer based in Columbus (WA: CLC ), Ohio, currently carries a significant debt burden of $1.33 billion according to InvestingPro analysis. The continued interest from SH Capital Partners suggests confidence in the company's future prospects despite its financial obligations.
First Mid Bancshares, Inc. (FMBH): Director James Edwin Zimmer acquired 1,000 shares of common stock at an average price of $39.8729 per share, totaling approximately $39,872. Following this transaction, Zimmer now holds 4,050 shares directly through an Individual Retirement Account (IRA) and maintains indirect ownership of 16,035 shares through a Deferred Compensation Plan. First Mid Bancshares, with a market cap of $860 million, has maintained dividend payments for 25 consecutive years and currently offers a yield of 2.65%.
ModivCare Inc. (MODV): Coliseum Capital, a significant stakeholder, increased its investment in ModivCare by acquiring 1,505,424 shares in a series of transactions between January 10 and January 14, 2025. The purchases, totaling approximately $9.99 million, were executed at prices ranging from $5.88 to $8.79 per share. This substantial investment comes as ModivCare's stock has declined 84.8% over the past year and currently trades near its 52-week low.
PIMCO Dynamic Income Strategy Fund (PDX): Saba Capital Management, L.P. acquired approximately $20.2 million worth of the fund's common stock, purchasing 731,721 shares at $27.6 per share. This transaction increases Saba Capital Management's holdings to 7,541,934 shares of the fund, which is currently valued at $1.35 billion and offers a 5.29% dividend yield.
Lamb Weston Holdings, Inc. (NYSE: LW ): Director Robert A. Niblock purchased 3,000 shares of common stock at a weighted average price of approximately $60.94 per share, totaling $182,818. This acquisition brings Niblock's total holdings to 26,405.5 shares. The purchase comes as Lamb Weston's stock has declined over 22% in the past six months, currently trading near $60 compared to its 52-week high of $110.61.
Top Insider Sells:
Core & Main, Inc. (CNM): President Bradford A. Cowles sold a total of 25,000 shares in two separate transactions, generating approximately $1.31 million. These sales were executed as part of a pre-arranged trading plan under Rule 10b5-1.
Core & Main, Inc. (CNM): General Counsel and Secretary Mark Whittenburg sold 50,000 shares of Class A Common Stock at an average price of $50.49 per share, totaling approximately $2.52 million. Whittenburg also acquired 46,452 shares through an exchange agreement, converting Class B Common Stock and limited partnership interests into Class A shares.
Core & Main, Inc. (CNM): Executive Vice President John R. Schaller sold shares totaling approximately $3.06 million, with stock prices ranging from $50.5584 to $51.4117 per share. Schaller also reported the acquisition of shares through option exercises, amounting to a total value of approximately $1.29 million.
Alkami Technology, Inc. (ALKT): Chief Financial Officer W. Bryan Hill sold 100,000 shares of common stock at a weighted average price of $33.43 per share, generating a total of approximately $3.34 million. Hill also exercised stock options to acquire 100,000 shares at a price of $2.34 per share.
DoorDash, Inc. (NASDAQ: DASH ): Director Andy Fang sold shares of the company's Class A common stock totaling approximately $25.4 million. The transactions took place over several days, with prices ranging from $167.361 to $171.203 per share.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider transactions alone should not be the sole basis for investment decisions, they can offer clues about management's confidence in the company's future performance. However, it's important to consider these transactions in the context of broader market trends, company fundamentals, and individual investment goals.
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