Replies to post #247508 on ORIONS Money Stocks

[stockprofit2023]

More on HMPR:

Insider buys

Capgen Capital Group VI LP purchased 11,272,875 shares on September 27 pursuant to a common stock rights offering and currently controls 51,024,981 shares of Hampton Roads Bankshares. Capgen Capital Group VI LP is a 30% owner of Hampton Roads Bankshares.
Tcg Financial Services, L.P. purchased 16,007,143 shares on September 27 pursuant to a common stock rights offering and currently controls 42,398,583 shares of Hampton Roads Bankshares. Tcg Financial Services, L.P. is a 24.9% owner of Hampton Roads Bankshares.
Financials

The company reported the second-quarter financial results on July 24 with the following highlights:

Net loss $5.7 million
Book value $1.41 per share
Tangible book value $1.38 per share

My analysis

There have been eight insider buy transactions and there has not been any insider sell transactions this year. I would expect the book value of $1.41 per share to act like a support for the stock
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Also over 70m bought by insiders in July:

http://seekingalpha.com/article/705171-unusual-insider-buying-at-hampton-roads-bankshares?source=yahoo