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 cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
On Tuesday, Director David A. Sachs bought $550,000 worth of Ares Dynamic Credit Allocation (NYSE:ARDC), buying 27,500 shares at a cost of $20.00 each. Ares Dynamic Credit Allocation F is trading off about 0.2% on the day Friday.
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