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Thursday 7/12 Insider Buying Report: ARDC, VRSK
Thursday, July 12, 10:31 AM ET

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 Tuesday, Ares Dynamic Credit Allocation Fund (NYSE:ARDC)'s GC, CLO and Secretary, Daniel J. Hall, made a $40,000 buy of ARDC, purchasing 2,500 shares at a cost of $16.00 each. So far Hall is in the green, up about 0.5% on their purchase based on today's trading high of $16.08. Ares Dynamic Credit Allocation Fund is trading up about 0.4% on the day Thursday.

And also on Tuesday, CFO Lee Shavel purchased $37,032 worth of Verisk Analytics (NASDAQ:VRSK), purchasing 331 shares at a cost of $111.88 a piece. Before this latest buy, Shavel purchased VRSK at 7 other times during the past year, for a total cost of $263,047 at an average of $101.60 per share. Verisk Analytics is trading up about 0.2% on the day Thursday. So far Shavel is in the green, up about 0.3% on their buy based on today's trading high of $112.25.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Thursday 7/12 Insider Buying Report: ARDC, VRSK | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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