Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
MID PENN BANCORP INC (MPB)
Sector: Financial Services; Industry: Banks—Regional

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. In addition, the company offers online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2019, it operates 39 full service retail banking locations in Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Millersburg, Pennsylvania.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-09-30 Klinger Robert E Director Buy 181 $27.55 $4,987 No
2021-04-30 Klinger Robert E Director Buy 2,000 $25.00 $50,000 No
2021-03-31 Klinger Robert E Director Buy 187 $26.81 $5,013 No
2020-12-31 Klinger Robert E Director Buy 228 $21.90 $4,993 No
2020-09-30 Klinger Robert E Director Buy 289 $17.31 $5,003 No
2020-06-30 Klinger Robert E Director Buy 217 $18.43 $3,999 No
2020-03-31 Klinger Robert E Director Buy 149 $20.25 $3,017 No
2019-12-31 Klinger Robert E Director Buy 104 $28.80 $2,995 No
2019-09-30 Klinger Robert E Director Buy 117 $25.63 $2,999 No
2019-06-28 Klinger Robert E Director Buy 120 $24.95 $2,994 No
2019-03-29 Klinger Robert E Director Buy 122 $24.50 $2,989 No
2018-12-31 Klinger Robert E Director Buy 87 $23.02 $2,003 No
2018-12-21 Klinger Robert E Director Buy 500 $22.31 $11,155 No
2018-11-01 Klinger Robert E Director Buy 500 $26.65 $13,325 No
2018-09-28 Klinger Robert E Director Buy 69 $29.15 $2,011 No
2018-06-29 Klinger Robert E Director Buy 79 $34.90 $2,757 No
2018-03-30 Klinger Robert E Director Buy 62 $31.95 $1,981 No
2018-02-06 Klinger Robert E Director Buy 300 $32.81 $9,844 No
2017-12-29 Klinger Robert E Director Buy 30 $33.10 $993 No
2017-09-29 Klinger Robert E Director Buy 34 $29.40 $1,000 No
2017-06-13 Klinger Robert E Director Buy 200 $26.86 $5,372 No
2016-11-01 Klinger Robert E Director Buy 200 $18.55 $3,710 No
2016-08-17 Klinger Robert E Director Buy 200 $18.06 $3,612 No
2016-03-24 Klinger Robert E Director Buy 200 $14.90 $2,980 No
2015-12-04 Klinger Robert E Director Buy 200 $17.19 $3,438 No
2015-06-16 Klinger Robert E Director Buy 200 $16.05 $3,210 No
2015-02-09 Klinger Robert E Director Buy 100 $15.83 $1,583 No
2014-09-04 Klinger Robert E Director Buy 200 $16.12 $3,224 No
2013-10-31 Klinger Robert E Director Buy 200 $12.00 $2,400 No
2013-05-10 Klinger Robert E Director Buy 200 $10.35 $2,070 No

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Planet Fitness, Inc (PLNT) - Our position in PLNT is also inspired by insider trading, if insiders are comfortable and confident buying around $50, it is an easy hold if you can pick it up at an even lower price. Our avg cost of the position is ~$40 and is now with 50% profit.