If insiders are putting their money where their mouths are, look into it.
After all, it’s the insiders that know their company the best. And if they’re buying, there’s usually a good reason for it. Here are three worth watching.
Red Robin Gourmet Burgers (SYM: RRGB)
Over the last few weeks, President and CEO Gerard Hart bought 10,000 shares of RRGB for just over $616,782. He paid $3.15 per share on September 12. With the stock now up to $6.07, he’s close to doubling his investment in just a few weeks.
While the stock did take a recent hit a wider than expected second quarter loss and lowered guidance, activist investor interest is pushing the stock higher.
JCP Investment Partnership, for example, just increased its active stake in Red Robin Gourmet Burgers to 11.3% from 8.7% through a series of transactions across several related buying parties, as noted by Seeking Alpha. The firm sees the restaurant stock as undervalued and representing an attractive investment opportunity.
Zivo Bioscience (SYM: ZIVO)
Over the last few days, Director Laith Yaldoo bought 3,133 shares of Zivo Bioscience (ZIVO) for just under $50,000 at $15.96 per share. President and CEO John Payne also bought 6,343 shares for just under $100,000 at $15.76 per share. In late August, Director and 10% owner, Christopher Maggiore bought 31,336 shares at $8.34 each.
NuZee (SYM: NUZE)
On October 14, a shareholder bought 701,7545 shares of NUZE for $400,000, paying 57 cents a share. Now up to $2.30, they’re up big. All thanks to news the company is opening new offices in Singapore, Hong Kong and China.
NUZE manufactures, packs, and sells single-serve pour-over coffee and tea bag-style coffee for coffee roasters and food service companies in North America, South Korea, Singapore, Hong Kong, Mainland China, and internationally.
