Monday 6/16 Insider Buying Report: SCM, VSI
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Stellus Capital Investment ( SCM ), a filing with the SEC revealed that on Wednesday, CEO Robert T. Ladd purchased 16,500 shares of SCM, for a cost of $14.08 each, for a total investment of $232,321. So far Ladd is in the green, up about 3.1% on their buy based on today's trading high of $14.52. Stellus Capital Investment is trading up about 1.3% on the day Monday. Before this latest buy, Ladd purchased SCM at 3 other times during the past twelve months, for a total investment of $217,941 at an average of $14.53 per share.
And also on Wednesday, Nutri-Force President Anthony Alfonso bought $222,200 worth of Vitamin Shoppe ( VSI ), buying 5,000 shares at a cost of $44.44 a piece. Vitamin Shoppe is trading up about 2.4% on the day Monday.