Jun 22, 2016

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Insider Buys Are Telling Something: Cheniere Energy, Inc. (NYSEMKT:LNG), BioScrip Inc (NASDAQ:BIOS), Ares Capital Corporation (NASDAQ:ARCC)

Insider Buys Are Telling Something: Cheniere Energy, Inc. (NYSEMKT:LNG), BioScrip Inc (NASDAQ:BIOS), Ares Capital Corporation (NASDAQ:ARCC)

Insider Trading is the buying or selling of a security by someone who has access to material, nonpublic information about the security. Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.

It isn’t a coincidence that corporate executives seem to always buy and sell at the right times. After all, the CEOs and CFOs of the world have access to every bit of company information you could ever want. This kind of information is extremely valuable to individual investors. For example, if insiders are buying shares in their own companies, they usually know something that normal investors do not. They might buy because they see great potential, a merger, acquisition or simply because they think their stock is undervalued.

Moving on to the first insider trade June 15, 2016 which involved Fusco Jack A, a CEO and President at Cheniere Energy, Inc. (NYSEMKT:LNG), who acquired 14,115 shares at $32.97 per share to put the total holding at 36,496 shares. Its shares currently owned by company management are 3.20% while institutional investors own about 95.30%. The 6-month change recorded in total insider ownership was 0.54%. On the other side, -0.43% change in total institutional ownership has been reported for the 3-month period.

BioScrip Inc (NASDAQ:BIOS) saw an insider buy stock in the company on June 17. GOLDSTEIN MICHAEL, director of the company, bought 25,000 shares for $2.49 per share worth a total of $62,195. After this insider buying, GOLDSTEIN MICHAEL now has a total stake of 25,000 shares in the company. Its shares currently owned by company management are 123.59% while institutional investors own about -0.53%. On the other side, -1.62% change in total institutional ownership has been reported for the 3-month period.

Ares Capital Corporation (NASDAQ:ARCC) also received some insider trading action as BARTLETT STEVE, who is the company’s Director added some 200 shares at a price of $14.20 per share to the holding that now comprises of 6,000 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 47.30%. The 6-month change recorded in total insider ownership was 5.11%. On the other side, -4.25% change in total institutional ownership has been reported for the 3-month period.

 

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