Monday 4/21 Insider Buying Report: ARMF, BAGL

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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 Ares Multi Strategy Credit Fund ( ARMF ), a filing with the SEC revealed that on Thursday, Antony P. Ressler bought 17,000 shares of ARMF, at a cost of $21.84 each, for a total investment of $371,203. So far Ressler is in the green, up about 0.4% on their purchase based on today's trading high of $21.92. Ares Multi Strategy Credit Fund is trading off about 0.3% on the day Monday. Before this latest buy, Ressler made one other buy in the past twelve months, purchasing $2M shares for a cost of $25.00 a piece.

And also on Thursday, Director E. Nelson Heumann bought $77,300 worth of Einstein Noah Restaurant Group ( BAGL ), buying 5,000 shares at a cost of $15.46 a piece. Before this latest buy, Heumann made one other buy in the past year, purchasing $84,885 shares at a cost of $15.68 a piece. Einstein Noah Restaurant Group is trading up about 0.4% on the day Monday. Heumann was up about 0.7% on the purchase at the high point of today's trading session, with BAGL trading as high as $15.57 in trading on Monday.

Monday 4/21 Insider Buying Report: ARMF, BAGL VIDEO: Monday 4/21 Insider Buying Report: ARMF, BAGL



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: ARMF , BAGL

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