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
2012-05-07 Rosenberg Anita R Director Buy 5,000 $14.38 $71,900 No
2012-01-31 WEBSTER WILLIAM M IV Director Buy 15,000 $15.35 $230,250 No
2012-01-31 BAILY JOHN THOMAS Director Buy 4,885 $15.35 $74,985 No
2011-12-30 Golub David Chief Executive Officer Sell 1,250,000 $15.20 $19,000,000 No
2011-12-30 Golub Lawrence E Chairman Sell 1,250,000 $15.20 $19,000,000 No
2011-09-07 Golub David Chief Executive Officer Buy 1,180 $14.51 $17,125 No
2011-09-07 Golub Lawrence E Chairman Buy 1,180 $14.51 $17,125 No
2011-08-11 Golub David Chief Executive Officer Buy 26,588 $14.42 $383,347 No
2011-08-11 Golub Lawrence E Chairman Buy 26,588 $14.42 $383,347 No
2011-08-10 Rosenberg Anita R Director Buy 13,600 $14.55 $197,880 No
2011-05-19 BAILY JOHN THOMAS Director Buy 3,100 $15.69 $48,639 No
2011-05-13 BERNSTEIN KENNETH F Director Buy 6,200 $15.91 $98,642 No
2011-03-31 Golub David Chief Executive Officer Buy 126,984 $15.75 $1,999,998 No
2011-03-31 WEBSTER WILLIAM M IV Director Buy 25,000 $15.75 $393,750 No
2011-03-31 Golub Lawrence E Chairman Buy 126,984 $15.75 $1,999,998 No
2010-09-08 Golub Lawrence E Chairman Buy 17,936 $14.63 $262,349 No
2010-09-08 Golub David Chief Executive Officer Buy 17,936 $14.63 $262,349 No
2010-09-03 Golub David Chief Executive Officer Buy 20,800 $14.63 $304,261 No
2010-09-03 Golub Lawrence E Chairman Buy 20,800 $14.63 $304,261 No
2010-09-01 Golub Lawrence E Chairman Buy 10,400 $14.60 $151,840 No
2010-09-01 Golub David Chief Executive Officer Buy 10,400 $14.60 $151,840 No
2010-06-08 BAILY JOHN THOMAS Director Buy 3,500 $13.68 $47,887 No
2010-04-20 WEBSTER WILLIAM M IV Director Buy 64,516 $14.50 $935,482 No
2010-04-20 LYNCH THOMAS E Director Buy 9,677 $14.50 $140,316 No
2010-04-20 BERNSTEIN KENNETH F Director Buy 16,129 $14.50 $233,870 No
2010-04-20 Coleman Sean K Chief Financial Officer Buy 32,259 $14.50 $467,756 No
2010-04-20 Golub Lawrence E Chairman Buy 133,333 $14.50 $1,933,328 No
2010-04-20 Golub David Chief Executive Officer Buy 66,667 $14.50 $966,672 No

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.