Thursday 3/19 Insider Buying Report: STWD, AGO
Thursday 3/19 Insider Buying Report: STWD, AGO
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at two noteworthy recent insider buys.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at two noteworthy recent insider buys.
At Starwood Property Trust, a filing with the SEC revealed that on Wednesday, CEO Barry S.
Sternlicht purchased 218,000 shares of STWD, for a cost of $9.21 each, for a total investment of $2.01M.
Starwood Property Trust Inc.
Is trading down about 10.2% on the day Thursday.
And on Tuesday, Chief Investment Officer Andrew T.
Feldstein purchased $1.49M worth of Assured Guaranty, purchasing 50,000 shares at a cost of $29.77 a piece.
Before this latest buy, Feldstein purchased AGO on 23 other occasions during the past twelve months, for a total investment of $25.49M at an average of $46.03 per share.
Assured Guaranty is trading off about 10.8% on the day Thursday.
Investors are able to grab AGO at a price even lower than Feldstein did, with shares trading as low as $17.42 in trading on Thursday -- that's 41.5% below Feldstein's purchase price.