Over the past seven days there have been several companies reporting insider buys coming from a group instead of an individual. It is interesting to note group insider transactions because it can signify a group consensus in the direction a company is going. The following three companies reported group insider buys over the past week.
Matador Resources (MTDR)
Over the past week there were six insiders making buys into Matador Resources. These insiders made their buys as the company held a public offering of its common stock. The insiders included: Chairman, CEO and President Joseph Foran, EVP of Land & Legal Craig Adams, EVP of Operations Matthew Hairford, COO and CFO David Lancaster, Executive Director of Exploration David Nicklin and Director Carlos Sepulveda.
These six insiders bought a total of 23,100 shares at $15.25 per share. The cumulative transaction amount for these buys totaled $352,275. Since the closing of the public offering and these insiders’ buys, the price per share has increased 10.82%.
The insiders’ individual transactions:
· Joseph Foran: Bought 15,000 shares, now holds 189,956 shares.
· Craig Adams: Bought 2,000 shares, now holds 32,000 shares.
· Matthew Hairford: Bought 1,000 shares, now owns 189,675 shares.
· David Lancaster: Bought 1,000 shares, now owns 299,625 shares.
· David Nicklin: Bought 1,600 shares, now holds 75,569 shares.
· Carlos Sepulveda: Bought 2,500 shares, now owns 287,936 shares.
Matador Resources is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with a particular emphasis on oil and natural gas shale plays and other unconventional resource plays.
Matador Resources’ historical revenue and net income:
The analysis on Matador Resources reports that its price is nearing a 2-year high, its revenue has been in decline over the past three years and it has also issued $245 million of debt over the past three years.
Matador Resources has a market cap of $1.11 billion. Its shares are currently trading at around $16.95 with a P/E ratio of 46.30, a P/S ratio of 4.70 and a P/B ratio of 2.40.
Golub Capital BDC (GBDC)
Over the past week there have been two insiders making buys into Golub Capital.
Director William Webster bought 10,000 shares on Sept. 12. Webster bought these shares at $16.95 per share for a total transaction amount of $169,500. Since his buy the price per share has increased approximately 1.47%. Webster now owns at least 267,482 shares of company stock.
CEO David Golub made the larger buy, adding 31,504 shares to his stake. Golub bought these shares at $16.95 per share for a total transaction amount of $533,993. Since his buy the price per share has increased about 1.47%. Golub now holds on to over 4 million shares of company stock.
Both the CEO and the director made these buys as the company’s price is nearing its 5-year high.
Golub Capital is an externally managed, closed-end, non-diversified management investment company. The Company makes investments in senior secured, mezzanine and second lien loans of middle-market companies that are sponsored by private equity firms.
Golub Capital’s historical revenue and net income:
The analysis on Golub Capital reports that the revenue has been in decline over the past three years, the price is nearing a 5-year high, it has issued $282.036 million of debt over the past three years and the company’s interest coverage is comfortable. The company’s P/E, P/B and P/S ratio are all trading near 1-year lows.
The Peter Lynch Chart suggests that the company is currently undervalued:
Golub Capital has a market cap of $684.5 million. Its shares are currently trading at around $17.20 with a P/E ratio of 12.30, a P/S ratio of 6.80 and a P/B ratio of 1.10. The dividend of Golub Capital stocks is 7.50%.
Document Security Systems (DSS)
Over the past month there have been four insiders making five buys into Document Security Systems. These insiders include: Director Robert Fagenson, COO Peter Hardigan, CEO Jeffrey Ronaldi and President Robert Bzdick.
All together the four insiders bought a total of 80,317 shares in the price range of $1.22 to $1.29 per share. Since these buys the price per share has gone up an average of 3.032%.
Robert Fagenson bought 10,000 shares at an average price of $1.26 per share. He spent a total of $12,550 and now holds on to 819,500 shares. Peter Hardigan bought 5,000 shares for $1.28 per share. This cost the COO $6,400, and he now holds on to 109,123 shares. Jeffrey Ronaldi bought 15,317 shares at $1.28 per share. This cost the CEO $19,606, and he now holds on to 90,025 shares of company stock. Robert Bzdick added 50,000 shares at $1.29 per share. He spent $64,500 and now holds 565,437 shares.
These insider buys come as the company’s price has hit a historic low.
Document Security Systems is engaged in fraud and counterfeit protection for all forms of printed documents and digital information. The company holds numerous patents for optical deterrent technologies that provide protection of printed information from unauthorized scanning and copying.
Document Security Systems’ historical revenue and net income:
The analysis on Document Security Systems reports that the revenue has slowed down over the past year, its price is near a 10-year low and its P/S ratio is also near a 10-year low.
Document Security Systems has a market cap of $58.8 million. Its shares are trading at around $1.30 with a P/S ratio of 1.60.
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- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.