Over the past week there were several companies reporting smaller insider buys along some large insider sells. The following insiders reported the largest insider buys over the past week. These transactions were judged based on the number of insiders buying, transaction amount and the amount of shares being purchased
Golub Capital (GBDC)
Over the past week there were two corporate executives making buys into Golub Capital. These two insiders consisted of Director and 10% owner Lawrence Golub and CEO and 10% owner David Golub.
On Dec. 23 Lawrence Golub added 5,000 shares to his holdings at a price of $18.41 per share. This transaction cost the director a total of $92,050. Since his buy the price per share has gone up approximately 1.63%. Golub now maintains over 4.16 million shares of the company’s stock.
CEO David Golub also added 5,000 shares to his stake, but he bought his at $18.37 per share. This transaction cost the CEO a total of $91,850, and since then the price per share has increased approximately 1.85%. Golub now holds on to over 4.025 million shares of Golub stock.
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- GBDC 15-Year Financial Data
- The intrinsic value of GBDC
- Peter Lynch Chart of GBDC
Golub Capital is an externally managed, closed-end, non-diversified management investment company. The Company makes investments in senior secured, unitranche, 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 company most recently announced its first fiscal quarter results which highlight:
- Net investment income of $12.4 million, or $0.31 per share, compared to $12.0 million, or $0.32 per share for the quarter prior.
- Net increase in net assets was $12.3 million, compared to $12.7 million in the quarter prior.
- Declared a quarterly distribution of $0.32 per share.
The analysis on Golub reports that over the past three years the company has issued $246.779 million of debt, its dividend yield is near a 2-year low and its price is near a 5-year high.
Also over the past quarter the company increased the size of their revolving credit facility. They increased the size of their senior secured revolving credit facility from $100 to $250 million, and the facility’s reinvestment period was extended from Nov. 21, 2013 to Oct. 21, 2014.
The Peter Lynch Chart suggests that the company is currently undervalued:
Golub Capital has a market cap of $825 million. Its shares are currently trading at around $19.06 with a P/E ratio of 14.00, a P/ S ratio of 7.80 and a P/B ratio of 1.20. The company’s dividend yield is at 6.70%.
Nuveen Diversified Commodity Fund (CFD)
Over the past week there were two insiders making buys into Nuveen Diversified Commodity Fund. These insiders are Vice President William Adams and Independent Committee Member Harry Short, and they made their buys as the price has fallen to a record low.
Vice President William Adams added the most, purchasing 18,500 shares of the company’s stock. He bought these shares at $15.24 per share for a total transaction amount of $281,940. The VP now holds on to at least 18,500 shares of the company’s stock. Since his buy the price per share has dropped an additional -0.59%.
Harry Short added a much smaller 1,600 shares to his holdings on Dec. 23. These shares were purchased for $15.19 per share for a total transaction amount of $24,304. Since his buy the price per share is down an additional -0.26%.
Nuveen Diversified Commodity Fund is a commodity pool. It invests directly in a portfolio of commodity futures and forward contracts in the commodity markets.
Nuveen’s historical revenue and net income:
The company was recently named as “Best Fund” among its peers by the 2013 Lipper Individual Fund Awards. It received this award for delivering “consistently strong, risk-adjusted performance.” The individual funds receiving awards under the Nuveen brand consisted of fifteen separate funds listed here.
The analysis on Nuveen reports that the company’s revenue has been in decline over the past years, its Altman Z-Score is strong and the company holds no debt. The analysis also notes that the company’s price is close to a 5-year low and the P/S ratio is near a 2-year high.
Nuveen Diversified Commodity Fund has a market cap of $138.3 million. Its shares are currently trading at around $15.05 with a P/B ratio of 0.80. The company currently holds a dividend yield of 10.20%.
S.Y. Bancorp (SYBT)
Over the past week there were eight directors making buys in to S.Y. Bancorp. These directors all made small buys at $32.50 per share. These buys come as the price has fallen from its record high.
The directors and their individual buys are as follows:
- Charles Edinger: Bought 158 shares for a total of $5,135. He now holds 198,548 shares.
- Carl Herde: Bought 73 shares for a total of $2,372.50. He now holds 21,326 shares of SYBT.
- Richard Lechleiter: Bought 112 shares for a total of $3,640. He now owns 14,407 shares.
- Bruce Madison: Bought 69 shares for a transaction of $2,242.50. He holds 52,606 shares.
- Richard Northern: Bought 122 shares for a total of $3,965. He now owns 19,041 shares of SYBT.
- Stephen Priebe: Added 69 shares for a total of $2,242.50. He now owns 3,598 shares of SYBT.
- Nicholas Simon: Added 68 shares for a total of $2,210. He now holds on to 57,404 shares.
- Norman Tasman: Added 122 shares for a total of $3,965. He now owns 167,432 shares of SYBT.
Since these directors’ buys the price per share has dropped a slight -0.77%.
S.Y. Bancorp, or Stock Yards Bancorp, is a bank holding company out of Louisville, Kentucky. The company holds two different subsidiaries: Stock Yards Bank & Trust and S.Y. Bancorp Capital Trust. The bank is wholly owned and is a state chartered bank. Because Bancorp has no operations of its own, its business and that of the bank are essentially the same.
S.Y. Bancorp’s historical revenue and net income:
In November the company raised their quarterly cash dividend an additional 5%to $0.21 per share. This is up from the previous quarterly dividend of $0.20 per share.
The analysis on S.Y. Bancorp reports that the company’s revenue has slowed down over the past year, that its dividend yield is near a 5-year low and that its price is near a 5-year high.
The Peter Lynch Chart suggests that the company is currently overvalued:
S.Y. Bancorp has a market cap of $464 million. Its shares are currently trading at around $31.90 with a P/E ratio of 16.60, a P/S ratio of 3.90 and a P/B ratio of 2.10.The dividend yield of S.Y. Bancorp is currently at 2.50% and the company had an annual average earnings growth of 3.50% over the past ten years.
Check out the GuruFocus insider trades page here. You can also use the All-in-One Screener to search for notable insider buys such as 52-week lows or insider transactions coming from upper-level executives such as CEOs or CFOs.
- 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.