Executives Buying OneWater Marine And 2 Other Stocks

Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform.

OneWater Marine

• The Trade: OneWater Marine Inc. (NASDAQ:ONEW) Chief Operating Officer Anthony M Aisquith acquired a total of 10,000 shares at an average price of $21.50. To acquire these shares, it cost around $215,000.
• What's Happening: On Sept. 6, OneWater Marine filed for Class A common stock offering of up to $250 million.
• What OneWater Marine Does: OneWater Marine Inc is a recreational marine retailer in the United States.

Medallion Financial

• The Trade: Medallion Financial Corp. (NASDAQ:MFIN) CFO Anthony N. Cutrone acquired a total of 5,500 shares at an average price of $7.52. To acquire these shares, it cost around $41,346.
• What's Happening: On July 20, Medallion Finl posted upbeat quarterly sales.
• What Medallion Financial Does: Medallion Financial Corp is a finance company that originates and services loans in various industries.

AST SpaceMobile

• The Trade: AST SpaceMobile, Inc. (NASDAQ:ASTS) Director Adriana Cisneros bought a total of 4,934 shares at an average price of $26.27. To acquire these shares, it cost around $129,884.
• What's Happening: On Sept. 5, AST SpaceMobile filed a prospectus for the offer and sale of up to $400 million Class A common stock from time to time.
• What AST SpaceMobile Does: AST SpaceMobile Inc is a satellite designer and manufacturer.

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