Top Insider buys Highlight for the week of January 3rd

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The biggest insider purchases this week were from Conagra Brands Inc. (NYSE: CAG), Darden Restaurants Inc. (NYSE: DRI), Gran Tierra Energy Inc. (GTE) and USA Technologies Inc. (USAT).

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The director of Conagra Brands bought 40,000 shares"data-reactid =" 12 ">The director of Conagra Brands bought 40,000 shares

Director Craig P. Omtvedt bought 40,000 shares on January 2 for an average price of $ 33.99. The share price has since fallen by 1.91%.

Conagra Brands is an American food company that manufactures and distributes products under brands such as Hunt & # 39; s, Healthy Choice, Orville Redenbacher & # 39; s and Slim Jim. The products are sold both in supermarkets and in restaurants. The company has a market cap of $ 16.23 billion. On January 3, it was trading at $ 33.34.

On January 2, Conagra announced that the sale of the Lender & # 39; s Bagel division to Bimbo Bakeries USA Inc., a subsidiary of Grupo Bimbo S.A.B., has been completed. de C.V. (MEX: BIMBO A) The sale includes the lender's brand, associated intellectual property, manufacturing facility and inventory in Mattoon III.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The director of Gran Tierra Energy bought 122,200 shares"data-reactid =" 22 ">The director of Gran Tierra Energy bought 122,200 shares

Director Brooke N. Wade bought 122,200 shares on December 27 for an average price of $ 1.26. The share has risen 3.17% since then.

Gran Tierra Energy is a Canadian energy company focused on the exploration and production of oil and gas in South America. The company's strategy focuses on building a high quality, diversified range of assets in Colombia with high netback production and a decline in base production. The company has a market cap of $ 2.84 billion. On January 3, it was trading at $ 26.18.

On November 5, Gran Tierra Energy announced third quarter financial results. Average production for the quarter was 32,918 barrels of oil equivalent per day. The quarter's net loss was $ 29 million, while adjusted EBITDA was $ 68 million. Oil and gas sales were $ 132 million.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The director of Darden Restaurants bought 1,500 shares"data-reactid =" 26 ">The director of Darden Restaurants bought 1,500 shares

Director Charles M. Nocheby bought 1,500 shares at an average price of $ 108.74. The share price has since risen by 3.35%.

Darden Restaurants is an American restaurant operator that owns two upscale restaurants, Eddie V & # 39; s Prime Seafood and The Capital Grille. The company also owns six casual meal chains, including Olive Garden, Long Horn Steakhouse, Bahama Breeze, and Seasons 52. The company is part of the S&P 500. It has a $ 13.78 billion market cap; On January 3, it was trading at $ 112.38.

On December 19, Darden reported financial results for the second quarter of 2020, which ended on November 24. Quarterly total sales increased 4.2% year over year to $ 2.06 billion. The reported diluted net earnings per share were 21 cents, a decrease of 77.2% compared to the previous year. The company's board of directors has also approved a regular quarterly cash dividend of 88 cents per common share, payable to registered shareholders on February 3, at close of business on January 10.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The Chief Compliance Officer of USA Technologies bought 2,189 shares"data-reactid =" 30 ">The Chief Compliance Officer of USA Technologies bought 2,189 shares

James M. Pollock, Chief Compliance Officer, bought 2,189 shares on December 30, at an average price of $ 6.69. The stock price has risen 7.47% since then.

USA Technologies is an American software company that focuses on working with ePort's cashless acceptance technology based on the company's patented ePort Connect service. The platform provides consumers with electronic payment options so payments can be made with credit, debit or NFC-enabled electronic wallets. The company is part of Russell 2000. The company has a market cap of $ 458.90 million. On January 3, it was trading at $ 7.19.

On November 15, USA Technologies announced that National Entertainment Network LLC had signed an agreement to expand the company's business relationship. The agreement enables USAT's NFC-enabled cashless ePort Connect system to be used on 5,000 entertainment and vending machines in the National Entertainment Network game room for over a year. Around 1,800 devices have already been delivered.

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Disclosure: I do not own shares in any of the companies mentioned in the article.

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