Monday 5/19 Insider Buying Report: MUR, CPTA


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.

At Murphy Oil Corp ( MUR ), a filing with the SEC revealed that on Friday, Director Claiborne P. Deming purchased 20,000 shares of MUR, at a cost of $60.37 each, for a total investment of $1.21M. Murphy Oil Corp is trading up about 0.8% on the day Monday. Before this latest buy, Deming purchased MUR at 2 other times during the past twelve months, for a total investment of $3.25M at an average of $59.13 per share.

And at Capitala Finance Corporation ( CPTA ), there was insider buying on Thursday, by Joseph B. Alala III who purchased 55,118 shares at a cost of $18.04 each, for a trade totaling $994,406. Before this latest buy, Alala III made one other purchase in the past twelve months, buying $199,491 shares for a cost of $19.00 a piece. Capitala Finance Corporation is trading up about 0.2% on the day Monday. Alala III was up about 2.0% on the purchase at the high point of today's trading session, with CPTA trading as high as $18.40 in trading on Monday.

Monday 5/19 Insider Buying Report: MUR, CPTA VIDEO: Monday 5/19 Insider Buying Report: MUR, CPTA

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: MUR , CPTA

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