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.
At German American Bancorp (NASDAQ:GABC), a filing with the SEC revealed that on Tuesday, Chris A. Ramsey purchased 27,509 shares of GABC, at a cost of $36.85 each, for a total investment of $1.01M. German American Bancorp is trading off about 0.4% on the day Thursday. Before this latest buy, Ramsey bought GABC on 11 other occasions during the past year, for a total cost of $438,247 at an average of $35.10 per share.
And also on Tuesday, CFO Terrence W. Olson bought $216,542 worth of THL Credit (TCRD), buying 26,000 shares at a cost of $8.33 a piece. Before this latest buy, Olson purchased TCRD on 5 other occasions during the past year, for a total investment of $3.67M at an average of $7.86 per share. THL Credit is trading up about 0.5% on the day Thursday. Investors can buy TCRD even cheaper than Olson did, with the stock trading as low as $7.97 at last check today — that's 4.3% below Olson's purchase price.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.