Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

MCG Capital Corp. (MCGC) President & CEO Steven F Tunney sells 30,000 Shares

February 17, 2010 | About:
gurufocus

insider

41 followers
President & CEO of MCG Capital Corp. (MCGC) Steven F Tunney sells 30,000 shares of MCGC on 02/16/2010 at an average price of $4.74 a share.

Mcg Capital Corp. has a market cap of $364.4 million; its shares were traded at around $4.77 with a P/E ratio of 26.5 and P/S ratio of 2.7. Mcg Capital Corp. had an annual average earning growth of 15.4% over the past 5 years.

CFO Recent Trades:


  • Buy:: EVP, CFO Stephen J. Bacica bought 5,000 shares of MCGC stock on 08/27/2009 at the average price of 3.1, the price of the stock has increased by 53.87% since.



This is the insider trade history vs. stock price of MCGC. For the complete insider trading history of MCGC, click here.




Directors and Officers Recent Trades:


  • Buy:: Director Gavin Saitowitz bought 300,000 shares of MCGC stock on 09/15/2009 at the average price of 3.04, the price of the stock has increased by 56.91% since.

  • Sell:: SVP & Managing Director William B Ford sold 5,000 shares of MCGC stock on 12/16/2009 at the average price of 4.02, the price of the stock has increased by 18.66% since.

  • Sell:: Executive Vice President Samuel G Rubenstein sold 60,000 shares of MCGC stock on 10/13/2009 at the average price of 4.49, the price of the stock has increased by 6.24% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • 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.

» Take a Free Trial of Premium Membership

Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.8/5 (4 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.