Friday 7/22 Insider Buying Report: ARCC
The Online Investor - Fri., Jul. 22, 10:52 AM
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 one noteworthy recent insider buy.
On Wednesday, Director Steve Bartlett purchased $2,954 worth of Ares Capital Corporation (ARCC), purchasing 200 shares at a cost of $14.77 each. Before this latest buy, Bartlett bought ARCC on 11 other occasions during the past twelve months, for a total investment of $21,897 at an average of $14.60 per share. Ares Capital Corporation is trading up about 0.5% on the day Friday. Bartlett was up about 1.6% on the purchase at the high point of today's trading session, with ARCC trading as high as $15.01 in trading on Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.