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Thursday 7/6 Insider Buying Report: NEP, CLMT
Thursday, July 6, 1:38 PM ET

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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Wednesday, NextEra Energy Partners LP (NEP)'s EVP Corp Dev of GP, Mark E. Hickson, made a $50,638 buy of NEP, purchasing 1,350 shares at a cost of $37.51 each. Bargain hunters are able to snag NEP even cheaper than Hickson did, with shares changing hands as low as $36.56 at last check today which is 2.5% under Hickson's purchase price. NextEra Energy Partners LP is trading down about 0.3% on the day Thursday. This purchase marks the first one filed by Hickson in the past year.

And on Monday, CFO David West Griffin purchased $25,242 worth of Calumet Specialty Product Partners LP (CLMT), purchasing 6,000 shares at a cost of $4.21 a piece. Before this latest buy, Griffin purchased CLMT on 2 other occasions during the past twelve months, for a total cost of $43,602 at an average of $4.11 per share. Calumet Specialty Product Partners LP is trading off about 0.6% on the day Thursday. Investors have the opportunity to buy CLMT even cheaper than Griffin did, with shares trading as low as $4.10 in trading on Thursday -- that's 2.5% under Griffin's purchase price.

For MarketNewsVideo.com, I'm Sayoko Murase.

Thursday 7/6 Insider Buying Report: NEP, CLMT
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