Top Buys by Top Brass: President Marcotte's $722K Bet on GLAD

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company 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 the ''top brass'' over the trailing six month period, one of which was a total of $722K invested across 6 purchases by Robert L. Marcotte, President at Gladstone Capital Corporation (GLAD).

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Marcotte bets big on GLAD:
Purchased Insider Title Shares Price/Share Value
05/27/2014 Robert L. Marcotte President 20,655 $9.76 $201,664.25
05/28/2014 Robert L. Marcotte President 14,000 $9.78 $136,854.20
08/05/2014 Robert L. Marcotte President 11,400 $9.51 $108,414.00
08/06/2014 Robert L. Marcotte President 8,401 $9.62 $80,817.62
08/07/2014 Robert L. Marcotte President 10,000 $9.69 $96,900.00
08/08/2014 Robert L. Marcotte President 10,000 $9.74 $97,360.00

Marcotte's average cost works out to $9.70/share. Shares of Gladstone Capital Corporation were changing hands at $9.82 at last check, trading up about 0.4% on Thursday. The chart below shows the one year performance of GLAD shares, versus its 200 day moving average:

Gladstone Capital Corporation Chart

Looking at the chart above, GLAD's low point in its 52 week range is $8.05 per share, with $10.37 as the 52 week high point — that compares with a last trade of $9.82.

The current annualized dividend paid by Gladstone Capital Corporation is $0.84/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 08/18/2014. Below is a long-term dividend history chart for GLAD, which can be of good help in judging whether the most recent dividend with approx. 8.6% annualized yield is likely to continue.

GLAD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, GLAD makes up 1.06% of the BDC Income ETF ( BIZD) which is trading up by about 0.1% on the day Thursday.

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