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.
On Wednesday, American Realty Capital Properties (
)'s EVP and general counsel, Richard A. Silfen, made a $59,842 buy
of ARCP, purchasing 4,850 shares at a cost of $12.34 a piece.
American Realty Capital Properties is trading down about 0.2% on
the day Thursday. Before this latest buy, Silfen made one other buy
in the past year, purchasing $88,484 shares at a cost of $11.80 a
And on Monday, Vice President Matthew Bailey Golden bought $53,040
worth of Capital Southwest Corporation (
), buying 1,500 shares at a cost of $35.36 each. This buy marks the
first one filed by Golden in the past year. Capital Southwest
Corporation is trading up about 0.9% on the day Thursday. So far
Golden is in the green, up about 2.0% on their purchase based on
today's trading high of $36.08.
VIDEO: Thursday 6/26 Insider Buying Report: ARCP,