Insiders Buying LifeVantage, Motorcar Parts of America And 2 Other Stocks

Although U.S. stocks closed lower 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.

Motorcar Parts of America

• The Trade: Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director David Bryan acquired a total of 1,000 shares an average price of $7.70. To acquire these shares, it cost around $7,700.
• What’s Happening: Motorcar Parts of America posted weaker-than-expected first-quarter earnings results.
• What Motorcar Parts of America Does: Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts.

LifeVantage

• The Trade: LifeVantage Corporation (NASDAQ:LFVN) Director Darwin Lewis acquired a total of 4,124 shares at an average price of $6.94. To acquire these shares, it cost around $28,632.
• What’s Happening: LifeVantage recently announced that its Board of Directors adopted a limited duration stockholder rights plan.
• What LifeVantage Does: Lifevantage Corp is engaged in the identification, research, development, and distribution of nutraceutical dietary supplements and skincare products.

Don’t forget to check out our premarket coverage here

Tilly's

• The Trade: Tilly's, Inc. (NYSE:TLYS) 10% owner Pleasant Lake Partners LLC bought a total of 21,520 shares at an average price of $7.78. To acquire these shares, it cost around $167,510.
• What’s Happening: Tilly's posted a narrower-than-expected quarterly loss.
• What Tilly's Does: Tilly's Inc works as a specialty retailer of casual apparel, footwear, and accessories for young men, young women, boys, and girls.

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Medalist Diversified REIT

• The Trade: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO and President Francis P. Kavanaugh bought a total of 2,500 shares at an average price of $23.28. The insider spent around $58,210 to buy those shares.
• What’s Happening: The company’s stock fell 26% over the past six months.
• What Medalist Diversified REIT Does: Medalist Diversified REIT Inc is engaged in the acquisition, reposition, renovation, leasing and managing of income-producing properties with a focus on commercial properties, including flex-industrial and retail properties, multi-family residential properties and hotel properties.