Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
On Wednesday, Green Brick Partners's Director, Harry Brandler, made a $552,720 purchase of GRBK, buying 25,000 shares at a cost of $22.11 a piece.
Green Brick Partners Inc is trading trading flat on the day Monday.
Before this latest buy, Brandler made one other purchase in the past twelve months, buying $428,396 shares at a cost of $21.42 a piece.
And at Golub Capital BDC, there was insider buying on Wednesday, by Chief Executive Officer David Golub who bought 15,509 shares for a cost of $14.90 each, for a trade totaling $231,054.
Before this latest buy, Golub purchased GBDC on 65 other occasions during the past twelve months, for a total cost of $16.96M at an average of $12.96 per share.
Golub Capital BDC is trading up about 1.7% on the day Monday.
Golub was up about 3.4% on the purchase at the high point of today's trading session, with GBDC trading as high as $15.41 at last check today.