Recent Insider Buys at Lindblad and Cass Signal Confidence

As the saying goes, insiders may sell a stock for various reasons, but they typically buy with one intent—to profit. Recently, two significant insider purchases have caught attention.

Alex P. Schultz at Lindblad Expeditions Holdings

On Tuesday, SEC filings showed that Alex P. Schultz acquired 55,106 shares of Lindblad Expeditions Holdings (LIND) at $8.08 each, amounting to a total investment of $445,245. Following this purchase, Schultz’s investment has appreciated by approximately 16.8%, as LIND reached a trading high of $9.44 today. On Wednesday, the stock rose by about 10.5% overall. Prior to this transaction, Schultz had made four additional purchases of LIND within the past year, spending a total of $797,082 at an average price of $7.53 per share.

Martin H. Resch at Cass Information Systems

In a separate transaction on Monday, Martin H. Resch, CEO of Cass Information Systems, bought 200 shares at a price of $39.00 each, leading to a total purchase of $7,800. Currently, Cass Information Systems is experiencing a slight gain of about 1.8% on Wednesday. Resch’s recent purchase has already seen a return of approximately 7.0%, with the stock reaching a daily high of $41.73.

VIDEO: Wednesday 4/23 Insider Buying report: LIND, CASS

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.