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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Patrick Industries, a filing with the SEC revealed that on Thursday, Director M. Scott Welch purchased 5,000 shares of PATK, for a cost of $66.50 each, for a total investment of $332,500. Welch was up about 3.5% on the buy at the high point of today's trading session, with PATK trading as high as $68.80 in trading on Tuesday. Patrick Industries is trading up about 0.1% on the day Tuesday. This purchase marks the first one filed by Welch in the past year.

And on Friday, EVP - Chief Financial Officer Patrick C. Lynch bought $299,803 worth of Darling Ingredients, buying 18,820 shares at a cost of $15.93 a piece. Before this latest buy, Lynch made one other purchase in the past twelve months, buying $299,592 shares for a cost of $15.20 each. Darling Ingredients is trading up about 1.9% on the day Tuesday. So far Lynch is in the green, up about 4.0% on their purchase based on today's trading high of $16.57.

For MarketNewsVideo.com, I'm Sayoko Murase.