Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
GOLUB CAPITAL BDC, Inc. (GBDC)
Sector: Financial Services; Industry: Asset Management

Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. The company seeks to invest in the United States. It primarily invests in senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-01-06 Golub David Chief Executive Officer Buy 2,000 $14.10 $28,194 No
2021-01-06 Golub Lawrence E Chairman Buy 2,000 $14.10 $28,194 No
2021-01-05 Golub Lawrence E Chairman Buy 1,873 $14.06 $26,338 No
2021-01-05 Golub David Chief Executive Officer Buy 1,873 $14.06 $26,338 No
2020-12-31 Golub David Chief Executive Officer Buy 4,000 $13.99 $55,947 No
2020-12-31 Golub Lawrence E Chairman Buy 4,000 $13.99 $55,947 No
2020-12-29 Golub David Chief Executive Officer Buy 4,000 $13.87 $55,477 No
2020-12-29 Golub Lawrence E Chairman Buy 4,000 $13.87 $55,477 No
2020-12-24 Golub Lawrence E Chairman Buy 2,000 $13.93 $27,852 No
2020-12-24 Golub David Chief Executive Officer Buy 2,000 $13.93 $27,852 No
2020-12-23 Golub Lawrence E Chairman Buy 4,000 $13.90 $55,614 No
2020-12-23 Golub David Chief Executive Officer Buy 4,000 $13.90 $55,614 No
2020-12-21 Golub David Chief Executive Officer Buy 4,000 $13.96 $55,853 No
2020-12-21 Golub Lawrence E Chairman Buy 4,000 $13.96 $55,853 No
2020-12-17 Golub David Chief Executive Officer Buy 4,000 $13.82 $55,266 No
2020-12-17 Golub Lawrence E Chairman Buy 4,000 $13.82 $55,266 No
2020-12-15 Golub Lawrence E Chairman Buy 4,000 $13.77 $55,069 No
2020-12-15 Golub David Chief Executive Officer Buy 4,000 $13.77 $55,069 No
2020-12-11 Golub Lawrence E Chairman Buy 4,000 $13.70 $54,780 No
2020-12-11 Golub David Chief Executive Officer Buy 4,000 $13.70 $54,780 No
2020-12-09 Golub Lawrence E Chairman Buy 4,000 $14.08 $56,322 No
2020-12-09 Golub David Chief Executive Officer Buy 4,000 $14.08 $56,322 No
2020-12-07 Golub David Chief Executive Officer Buy 3,961 $14.09 $55,805 No
2020-12-07 Golub Lawrence E Chairman Buy 3,961 $14.09 $55,805 No
2020-12-02 Golub Lawrence E Chairman Buy 4,000 $14.09 $56,379 No
2020-12-02 Golub David Chief Executive Officer Buy 4,000 $14.09 $56,379 No
2020-12-01 Golub Lawrence E Chairman Buy 3,755 $13.99 $52,520 No
2020-12-01 Golub David Chief Executive Officer Buy 3,755 $13.99 $52,520 No
2020-11-27 Golub David Chief Executive Officer Buy 4,000 $14.01 $56,025 No
2020-11-27 Golub Lawrence E Chairman Buy 4,000 $14.01 $56,025 No

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.