Wednesday, November 4, 2009

This week's insider buys (HBAN, MHGC, DPL, GFIG, UNS)

Below are a few insider transactions from this week.

On 11/2, Senior VP Daniel McCabe bought 20,580 shares of DPL Inc (DPL). Dayton Power and Light is an Ohio-based electric utility. Trading at a 52 week high, McCabe was still interested in plunking down serious $$ for shares. His firm has increasing earnings estimates, high margins, and a hefty 4.5% dividend yield.


Unisource (UNS) director Grgory Pivirotto bought 5,000 shares on 11/2. Another electric utility, this one based in Tucson, AZ. Dividend yield is 4.1%


GFI Group (GFIG) shares have been hit hard recently, and the Chairman & CEO stepped in to put his money where his mouth is. Michael Gooch bought 300,000 shares on November 3rd to re-iterate his confidence in the company, after reported a weak third quarter that spooked investors.


Several insiders at Huntington Banc (HBAN) bought shares in the open market 11/3. The company announced this week that it will continue to rely on various Federal Insurance programs to give depositors confidence, as the bank faces continued weakness. The insiders' actions are a positive sign.

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