Boston, MA 09/08/2014 (wallstreetpr) – Consumer protection services provider on a subscription basis, Intersections Inc. (NASDAQ:INTX) shares have been purchased by an insider, Osmium Partners, LLC, who is one of the big shareholders of the company. The insider has purchased shares during the last three trading sessions of September 3 to 5.
The insider has acquired 125,995 shares at the rate of $4.01 a share on September 5 and paid $505,240. It was done through four transactions at the same rate, according to Form 4 filing with the regulator. The purchasing price indicated that Osmium Partners have paid a premium of 20.78% over the yearly low price of $3.32. However, it has acquired the shares at a discount of 57.8% compared to the 52-week low price of $9.51.
On the preceding day too, the insider has bought 176,800 shares at a cost of $3.96 a share by paying $700,128 through four transactions of different quantity. Similarly, on September 3, Osmium Partners have acquired 250,000 shares of Intersections Inc. (NASDAQ:INTX) at the rate of $3.57 a share costing the company $892,500. In all, the major shareholder has purchased 552,795 shares for approximately $2.1 million.
Looking at the price of the purchase between $3.57 and $4.01 a share during the three-day period, it was pretty evident that the insider activity had lifted the price by 12.3% during the same period. Also, the insiders remained in the side in August, July and most part of June.
One-Year Insider Activities
In the last three-month period, there were only four transactions of insider activities on Intersections Inc. (NASDAQ:INTX) shares, according to Nasdaq data. Only one transaction related to the sale of share while the three transactions meant for buying activities. There was a net buying activity of 542,795 shares during the period.
For the twelve-month period, there were 36 transactions and 33 belong to the sale of shares by the insiders. The three transactions of buying activities were the recent one, and virtually there were no buying activities by the insiders before the latest three transactions. However, the number shares sold were only 265,235 shares. Thus, there was a net buying activity of 287,560 shares.
The recent insider buying could suggest that the stock seemed to have been bottomed out and can see the possibility of better days ahead.