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Thursday 8/14 Insider Buying Report: NMFC, GPC

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.

On Wednesday, New Mountain Finance ( NMFC )'s Director, Steven B. Klinsky, made a $3.20M purchase of NMFC, buying 212,060 shares at a cost of $15.10 each. Klinsky was up about 0.8% on the buy at the high point of today's trading session, with NMFC trading as high as $15.23 at last check today. New Mountain Finance is trading off about 0.1% on the day Thursday.

And at Genuine Parts ( GPC ), there was insider buying on Wednesday, by Chief Executive Officer Thomas Gallagher who purchased 5,000 shares for a cost of $84.00 each, for a trade totaling $420,000. This buy marks the first one filed by Gallagher in the past twelve months. Genuine Parts is trading up about 1.6% on the day Thursday. Gallagher was up about 1.9% on the purchase at the high point of today's trading session, with GPC trading as high as $85.62 in trading on Thursday.

VIDEO: Thursday 8/14 Insider Buying Report: NMFC, GPC

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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