Monday 7/28 Insider Buying Report: NHF, PCI

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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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Thursday, Nexpoint Credit Strategies Fund ( NHF )'s, James D. Dondero, made a $1.36M buy of NHF, purchasing 110,127 shares at a cost of $12.33 a piece. Investors are able to snag NHF even cheaper than Dondero did, with shares trading as low as $12.06 at last check today which is 2.2% below Dondero's purchase price. Nexpoint Credit Strategies Fund is trading off about 0.4% on the day Monday. Before this latest buy, Dondero bought NHF at 11 other times during the past year, for a total investment of $14.10M at an average of $9.53 per share.


And on Wednesday, William H. Gross purchased $691,595 worth of PIMCO Dynamic Credit Income Fund ( PCI ), purchasing 29,500 shares at a cost of $23.44 a piece. Before this latest buy, Gross purchased PCI on 30 other occasions during the past twelve months, for a total investment of $70.61M at an average of $23.25 per share. PIMCO Dynamic Credit Income Fund is trading trading flat on the day Monday.

Monday 7/28 Insider Buying Report: NHF, PCI VIDEO: Monday 7/28 Insider Buying Report: NHF, PCI



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: NHF , PCI

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