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 two noteworthy recent insider buys.
At TransUnion (NYSE:TRU), a filing with the SEC revealed that on Thursday, CEO Christopher A. Cartwright bought 25,000 shares of TRU, at a cost of $79.42 each, for a total investment of $1.99M. Cartwright was up about 1.8% on the buy at the high point of today's trading session, with TRU trading as high as $80.83 in trading on Monday. TransUnion is trading up about 2.6% on the day Monday. This purchase marks the first one filed by Cartwright in the past year.
And at Ares Capital Corporation (NASDAQ:ARCC), there was insider buying on Wednesday, by Chief Financial Officer Penelope F. Roll who bought 25,000 shares at a cost of $19.77 each, for a trade totaling $494,250. Ares Capital Corporation is trading up about 0.8% on the day Monday. So far Roll is in the green, up about 1.8% on their purchase based on today's trading high of $20.13.
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