As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at one noteworthy recent insider buy.
At Equus Total Return Incorporated (NYSE:EQS), a filing with the SEC revealed that on Thursday, Director Pallieres Bertrand Des purchased 986,842 shares of EQS, at a cost of $2.65 each, for a total investment of $2.61M. Bargain hunters have the opportunity to bag EQS even cheaper than Des did, with the stock changing hands as low as $2.20 in trading on Friday -- that's 16.8% below Des's purchase price. Equus Total Return Incorporated is trading off about 3.3% on the day Friday.
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