Top Buys by Top Brass: CEO Hornbeck's $471.7K Bet on HOS

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $471.7K invested across 3 purchases by Todd M. Hornbeck, CEO at Hornbeck Offshore Services Inc ( HOS).

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Hornbeck bets big on HOS:
Purchased Insider Title Shares Price/Share Value
02/12/2015 Todd M. Hornbeck President & CEO 10,528 $19.00 $200,032.00
02/23/2015 Todd M. Hornbeck President & CEO 10,464 $19.09 $199,737.74
03/24/2015 Todd M. Hornbeck President & CEO 3,994 $18.00 $71,892.00

Hornbeck's average cost works out to $18.88/share. Shares of Hornbeck Offshore Services Inc were changing hands at $24.62 at last check, trading up about 3.6% on Tuesday. The chart below shows the one year performance of HOS shares, versus its 200 day moving average:

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