May 14, 2025

Tuesday’s Top Insider Moves: Strategic Buys and Significant Sells

This article summarizes the most notable insider buying and selling activities for US stocks on Tuesday, May 13, 2025.

Top Insider Buys:

National Research Corp (NASDAQ: NRC ): Patrick E. Beans, a significant shareholder of National Research Corp, acquired 2,500 shares of the company’s common stock on May 12, 2025. The purchase was made at a weighted average price of approximately $13.59 per share, totaling $33,973. This acquisition increases Beans’ ownership to 35,003 shares in the company. The timing of the purchase appears strategic, as the stock has gained over 9% in the past week. Beans is recognized as a ten percent owner of National Research Corp, underlining his substantial stake in the company.

Destra Multi-Alternative Fund (NASDAQ:DMA): Saba Capital Management, L.P., a significant stakeholder in Destra Multi-Alternative Fund, increased its holdings by acquiring 42,913 shares of common stock on May 12, 2025. The purchase was made at a price of $8.51 per share, with a total transaction value of approximately $365,189. Following this acquisition, Saba Capital Management now holds a total of 1,935,159 shares in the fund. The stock, currently trading at $8.56, has shown strong momentum with a 21% return over the past year and offers an attractive dividend yield of around 10%.

Nuveen Churchill Direct Lending Corp. (NASDAQ:NCDL): Kenneth J. Kencel, the CEO and President of Nuveen Churchill Direct Lending Corp., purchased 16,234 shares on May 12, 2025, at a price of $15.3378 per share. The total value of the transaction is approximately $248,993. The shares were acquired indirectly, with ownership attributed to both his spouse and a trust. This purchase comes as NCDL, with a market capitalization of $840 million, offers an attractive dividend yield of about 14%.

Donegal Group Inc (NASDAQ: DGICA ): Donegal Mutual Insurance Co, a significant shareholder of Donegal Group Inc, acquired 71,000 shares of Class A common stock on May 12, at an average price of $19.834 per share. This acquisition amounts to a total value of approximately $1.4 million. Following this transaction, Donegal Mutual Insurance Co holds a total of 13,441,621 shares of Class A common stock and 4,708,570 shares of Class B common stock. The company has a market capitalization of $717 million and boasts a 24-year track record of consecutive dividend increases.

CNX Resources Corp (NYSE: CNX ): Clarkson J. Palmer, a director at CNX Resources Corp, purchased 10,000 common shares of the company on May 12, 2025. The shares were acquired at an average price of $31.2009 each, amounting to a total transaction value of $312,009. Following this purchase, Palmer now holds 245,433 shares directly, which includes 6,762 restricted stock units and 44,998 deferred stock units. This acquisition reflects Palmer’s continued investment in the company, which has achieved strong returns over the past five years despite current challenges.

Top Insider Sells:

DraftKings Inc. (NASDAQ: DKNG ): Matthew Kalish, President of North America at DraftKings Inc., sold shares totaling approximately $15.9 million on May 12 and 13. The sales occurred at prices ranging from $37.83 to $38.55 per share. In addition to the sales, Kalish exercised stock options on May 12 and 13, acquiring 210,000 shares each day at an exercise price of $3.29 per share. These transactions were part of a pre-arranged trading plan under Rule 10b5-1, adopted in late 2024.

Eaton Corporation (NYSE: ETN ): Craig Arnold, CEO of Eaton Corporation, sold a total of 103,486 shares in three separate transactions on May 12. The sale prices ranged from $322.12 to $323.74 per share, resulting in a total transaction value of approximately $33.4 million. Additionally, Arnold acquired 104,250 shares through the exercise of stock options at a price of $130.86 per share. Following these transactions, Arnold retains direct ownership of 490,208 ordinary shares.

MGP Ingredients Inc. (NASDAQ: MGPI ): Caroline Lux Kaplan, a significant stakeholder of MGP Ingredients Inc., executed two notable stock sales. On May 9, Kaplan sold 13,731 shares at a weighted average price of $33.0989. On May 12, she sold an additional 32,500 shares at an average price of $33.4109. These transactions, carried out by trusts under her management, totaled approximately $1.54 million. Following these sales, Kaplan retains indirect ownership of 590,958 shares through the Lux 2005 Caroline Trust.

Tyler Technologies Inc . (NYSE: TYL ): John S. Marr Jr., Executive Chair of the Board at Tyler Technologies Inc., sold shares totaling approximately $2.79 million on May 9. The sales occurred at prices ranging from $551.68 to $560.89 per share. In addition to these sales, Marr exercised options to acquire 5,000 shares at a price of $231.68 per share, valued at approximately $1.16 million. After these transactions, Marr holds 6,983 shares directly and has indirect ownership of 16,888 shares through various trusts and partnerships.

Watts Water Technologies Inc . (NYSE: WTS ): Shashank Patel, the Chief Financial Officer of Watts Water Technologies Inc., sold 8,000 shares on May 12, 2025. The total value of the transactions reached approximately $1.96 million. The shares were sold in multiple transactions at prices ranging from $244.98 to $245.49 per share. Following these transactions, Patel now holds 2,754 shares in the company.

Investors should stay informed about insider buying and selling activities as they can provide valuable insights into a company’s internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial and market data when evaluating potential investment opportunities.

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