Recent Insider Buying Highlights at Kennedy-Wilson and Armada Hoffler

There are various reasons why insiders might sell a stock, but typically they buy shares with one clear intention: to profit. Here’s a look at two significant insider purchases from recent trading activity.

Kennedy-Wilson Holdings Sees $350,960 Investment

A filing with the SEC showed that Stanley R. Zax, a Director at Kennedy-Wilson Holdings, acquired 41,000 shares of KW on Wednesday. He paid $8.56 per share, leading to a total investment of $350,960. At one point in today’s trading session, Zax’s shares were valued about 4.6% higher, reaching a peak of $8.95. Currently, Kennedy-Wilson Holdings Inc. is up approximately 1.9% this Thursday. Remarkably, this marks Zax’s first insider purchase filed in the past year.

A. Russell Kirk Invests in Armada Hoffler Properties

On Tuesday, Director A. Russell Kirk purchased $305,630 worth of shares in Armada Hoffler Properties, securing 40,000 shares at a price of $7.64 each. As of Thursday, Armada Hoffler Properties is down about 0.3%. However, Kirk is currently seeing gains, as the shares are up approximately 2.5% based on a trading high of $7.83 today.

report: KW, AHH” style=”margin-right: 6px; margin-bottom: 5px;” align=”left” border=”0″>VIDEO: Thursday 3/20 Insider Buying report: KW, AHH

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