In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider 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 when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Full Circle Capital Corp (FULL), which saw buying by Co-CEO & President Gregg J. Felton.
Back on December 17, Felton invested $11,207.65 into 1,559 shares of FULL, for a cost per share of $7.19. In trading on Thursday, shares were changing hands as low as $8.82 per share, which is 22.7% above Felton's purchase price. It should be noted that Felton has collected $0.21/share in dividends since the time of their purchase, so they are currently up 25.6% on their purchase from a total return basis. Full Circle Capital Corp shares are currently trading +1.60% on the day. The chart below shows the one year performance of FULL shares, versus its 200 day moving average:
Looking at the chart above, FULL's low point in its 52 week range is $6.73 per share, with $9.59 as the 52 week high point — that compares with a last trade of $8.89. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts