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, Monroe Capital Corporation (NASDAQ:MRCC)'s Director, Jeffrey A. Golman, made a $108,984 buy of MRCC, purchasing 8,000 shares at a cost of $13.62 each. Monroe Capital Corporation is trading up about 1.3% on the day Thursday.
And at Charah Solutions (NYSE:CHRA), there was insider buying on Monday, by Director Brian K. Ferraioli who bought 8,350 shares at a cost of $12.00 each, for a trade totaling $100,200. Charah Solutions is trading up about 2.1% on the day Thursday. Investors are able to bag CHRA even cheaper than Ferraioli did, with the stock trading as low as $11.00 at last check today — that's 8.3% under Ferraioli's purchase price.
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