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Wednesday 8/20 Insider Buying Report: FSFR

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 one noteworthy recent insider buy.

On Tuesday, CEO Leonard M. Tannenbaum purchased $2.88M worth of Fifth Street Senior Floating Rate ( FSFR ), purchasing 225,437 shares at a cost of $12.76 a piece. Before this latest buy, Tannenbaum purchased FSFR at 9 other times during the past twelve months, for a total cost of $4.49M at an average of $14.01 per share. Fifth Street Senior Floating Rate is trading trading flat on the day Wednesday. Investors can snag FSFR at a price even lower than Tannenbaum did, with the stock changing hands as low as $12.30 at last check today which is 3.6% under Tannenbaum's purchase price.

VIDEO: Wednesday 8/20 Insider Buying Report: FSFR

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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