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 Monday, Whitehorse Finance's Director, John Bolduc, made a $90,012 buy of WHF, purchasing 7,201 shares at a cost of $12.50 a piece. So far Bolduc is in the green, up about 3.7% on their buy based on today's trading high of $12.96. Whitehorse Finance is trading up about 0.4% on the day Thursday. This purchase marks the first one filed by Bolduc in the past twelve months.
And at Oxford Square Capital, there was insider buying on Tuesday, by COO Saul B. Rosenthal who purchased 4,004 shares for a cost of $6.15 each, for a trade totaling $24,633. This purchase marks the first one filed by Rosenthal in the past twelve months. Oxford Square Capital is trading up about 0.6% on the day Thursday. So far Rosenthal is in the green, up about 2.4% on their buy based on today's trading high of $6.30.
For MarketNewsVideo.com, I'm Sayoko Murase.