Wednesday 4/30 Insider Buying Report: CINF, NMFC

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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.

On Monday, Cincinnati Financial Corp. ( CINF )'s Director, David P. Osborn, made a $242,108 purchase of CINF, buying 5,000 shares at a cost of $48.42 a piece. Cincinnati Financial Corp. is trading up about 0.2% on the day Wednesday. This purchase marks the first one filed by Osborn in the past year.

And also on Monday, CEO Robert Hamwee purchased $214,692 worth of New Mountain Finance Corp ( NMFC ), purchasing 15,000 shares at a cost of $14.31 each. Before this latest buy, Hamwee purchased NMFC at 2 other times during the past year, for a total cost of $396,805 at an average of $14.70 per share. New Mountain Finance Corp is trading up about 0.1% on the day Wednesday.

Wednesday 4/30 Insider Buying Report: CINF, NMFC VIDEO: Wednesday 4/30 Insider Buying Report: CINF, NMFC



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: CINF , NMFC

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