May 26, 2016

Posted by in Stock Reports | 0 Comments

Stocks Seeing Recent Insider Buys: Ares Capital Corporation (NASDAQ:ARCC), Baxter International Inc (NYSE:BAX), Stage Stores Inc (NYSE:SSI)

Stocks Seeing Recent Insider Buys: Ares Capital Corporation (NASDAQ:ARCC), Baxter International Inc (NYSE:BAX), Stage Stores Inc (NYSE:SSI)

As an investor it is wise to keep track of what insiders at large and small companies are doing. After all, these insiders are executives who should understand their business better than any of the rest of us. Using the trades that these executives make as one of the major tools of your stock investment research is wise.

Quite simply there are all kinds of reasons that an insider would sell a stock, and there is no way of telling exactly why they are selling at the time. Consider the fact that the insider could be selling to fund the education of a child or buy a new home. On the other hand insider purchases are generally more reliable indicators because the main goal in buying a stock is to make money, whether you are an insider or not.

Knowing the role of the insider who made the transaction is important. This seems like it should be common sense, but some investors fail to pay attention to this very important detail. Heavy insider transactions by someone such as the CFO or CEO should carry much more weight than insider transactions by someone who is an outside director. Consider how much that insider should know about the current state of the industry and their businesses.

Moving on to the first insider trade May 20, 2016 which involved BARTLETT STEVE, a director at Ares Capital Corporation (NASDAQ:ARCC), who acquired 200 shares at $15.12 per share to put the total holding at 5,800 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 5.59%. On the other side, -4.43% change in total institutional ownership has been reported for the 3-month period.

Baxter International Inc (NYSE:BAX) saw an insider buy stock in the company on May 2303. ALMEIDA JOSE E, Chairman of the Board and CEO of the company, bought 11,691 shares for $42.75 per share worth a total of $499,790. After this insider buying, ALMEIDA JOSE E now has a total stake of 11,691 shares in the company. Its shares currently owned by company management are 0.10% while institutional investors own about 86.10%. The 6-month change recorded in total insider ownership was -0.61%. On the other side, 1.71% change in total institutional ownership has been reported for the 3-month period.

Stage Stores Inc (NYSE:SSI) also received some insider trading action as GLAZER MICHAEL L, who is the company’s President & CEO added some 10,000 shares at a price of $4.85 per share to the holding that now comprises of 640,113 shares. Its shares currently owned by company management are 6.10% while institutional investors own about 99.80%. The 6-month change recorded in total insider ownership was 3.83%. On the other side, -8.64% change in total institutional ownership has been reported for the 3-month period.

 

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