Although U.S. stocks closed mixed on Monday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform.

American Software

The Trade: American Software, Inc. ( AMSWA ) Director James B Miller Jr acquired a total of 3,718 shares at an average price of $9.15. To acquire these shares, it cost around $34,014.

What's Happening: On June 6, American Software ( AMSWA ) posted upbeat quarterly results.

What American Software Does: American Software Inc ( AMSWA ) develops enterprise management and supply chain-related software and services.

Assembly Biosciences

The Trade: Assembly Biosciences, Inc. ( ASMB ) 10% owner Alexander Schornstein acquired a total of 9,000 shares at an average price of $12.40. To acquire these shares, it cost around $111,631.

What's Happening: On June 20, HC Wainwright & Co. analyst Ed Arce reiterated Assembly Biosciences ( ASMB ) with a Neutral.

What Assembly Biosciences Does: Friedman Industries Inc is engaged in the manufacturing and processing of steel products.

Don’t forget to check out our premarket coverage here

Tile Shop Holdings

The Trade: Tile Shop Holdings, Inc. ( TTSH ) 10% owner Pleasant Lake Onshore Feeder Fund LP bought a total of 105,000 shares at an average price of $6.82. To acquire these shares, it cost around $716,190.

What's Happening: On May 9, Tile Shop ( TTSH ) posted better-than-expected quarterly sales.

What Tile Shop Holdings Does: Tile Shop Holdings Inc ( TTSH ) is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States.

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