Although U.S. stocks closed higher on Monday, there were some notable insider trades.

When insiders buy shares, it shows their confidence in the company’s future prospects or that they see the stock as a bargain. In any case, it is a sign of an opportunity to bet on the stock. Insider purchases should not be considered the only indicator for an investment or trading decision. At best, they can add conviction to a purchase decision.

Below is a look at some notable recent insider purchases. For more information, visit Benzinga’s insider transactions platform.

Sunrise Realty Trust

• Trading: Sunrise Realty Trust, Inc. SUNS CEO Leonard M. Tannenbaum purchased a total of 118,163 shares at an average price of $12.44. The purchase of these shares cost approximately $1.47 million.
• What happens: On August 14, Sunrise Realty Trust reported second-quarter earnings per share of 22 cents on revenue of $1.98 million.
• What Sunrise Realty Trust does: Sunrise Realty Trust Inc. is a real estate investment trust company.

Lovely ingredients

• The trade: Darling Ingredients Inc. DAR EVP Chief Admin Officer Patrick McNutt purchased a total of 1,300 shares at an average price of $39.85. The acquisition of these shares cost approximately $51,805.
• What happens: On July 31, Darling Ingredients announced a sustainable aviation fuel agreement through the Diamond Green Diesel joint venture.
• What Darling Ingredients does: Darling Ingredients Inc. develops and produces sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel and fertilizer industries.

Superior corporate group

• The trade: Superior Group of Companies, Inc. SGC CEO Michael Benstock bought a total of 10,000 shares at an average price of $13.45. The purchase of these shares cost around $134,527.
• What happens: On August 12, Superior Group Of Companies announced a new $10 million share repurchase plan.
• What Superior Group of Companies does: Superior Group Of Companies Inc. designs apparel products. The company’s business segment includes branded products, healthcare apparel and contact centers.

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