The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $625.8K invested across 2 purchases by David Golub, Chief Executive Officer at Golub Capital BDC Incorporated (GBDC).
Golub bets big on GBDC:
|09/12/2013||David Golub||Chief Executive Officer||31,504||$16.95||$533,992.80|
|12/23/2013||David Golub||Chief Executive Officer||5,000||$18.37||$91,850.00|
Golub's average cost works out to $17.14/share. Shares of Golub Capital BDC Incorporated were changing hands at $18.36 at last check, trading down about 1.1% on Wednesday. The chart below shows the one year performance of GBDC shares, versus its 200 day moving average:
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