>
  1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Joy Hu
Joy Hu
Articles (408) 

Weekly CEO Buys Highlight

Details the CEO buys this past week for Array Technologies and Golub Capital BDC.

October 26, 2020 | About:

According to GuruFocus Insider Data, these were the largest CEO buys during the past week.

Array Technologies

Array Technologies Inc. (NASDAQ:ARRY) CEO James Macmillan Fusaro bought 182,772 shares on Oct. 19 at a price of $22.00. The price of the stock has increased by 90.91% since then.

31ad228011d4ca1d5014395c8ee302b0.png

Array Technologies manufactures ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production.

The company has a market cap of $5.33 billion. Its shares traded at $42.00 as of Oct. 23.

On Oct. 19, Array Technologies announced the closing of its upsized initial public offering of 54,625,000 shares of common stock at an initial public offering price of $22.00 per share.

Chief Financial Officer Nipul M. Patel bought 37,068 shares on Oct. 19 at a price of $22. Since then, the price of the stock has increased by 90.91%.

Chief Human Resources Officer Jennifer K. Cheraso bought 25,588 shares on Oct. 19 at a price of $22. The price of the stock has increased by 90.91% since then.

Director John Bradford Forth bought 60,924 shares on Oct. 19 at a price of $22. Since then, the price of the stock has increased by 90.91%.

Chief Operating Officer Stuart M. Bolland bought 53,461 shares on Oct. 19 at a price of $22. The price of the stock has increased by 90.91% since then.

Chief Technology Officer Lucas D. Creasy bought 19,191 shares on Oct. 19 at a price of $22. Since then, the price of the stock has increased by 90.91%.

Chief Commercial Officer Jeffrey P. Krantz bought 71,281 shares on Oct. 19 at a price of $22. The price of the stock has increased by 90.91% since then.

Golub Capital BDC

Golub Capital BDC Inc. (NASDAQ:GBDC) CEO David Golub bought 30,000 shares during the past week at the average price of $13.33.

fb2affe5ba4db36801e2c46ae27e2ba8.png

Golub Capital BDC is an externally managed, closed-end, non-diversified investment management company. The company's investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in U.S. middle-market companies. It also invests in second lien and subordinated loans, warrants and minority equity securities in middle-market companies.

The company has a market cap of $2.27 billion. Its shares traded at $13.54 as of Oct. 23.

Net investment income during the three months ended June 30 was $35.07 million, compared to $19.41 million for the prior-year quarter.

Golub bought 4,000 shares on Oct. 12 at a price of $13.74; 4,000 shares on Oct. 14 at a price of $13.61; 10,000 shares on Oct. 16 at a price of $13.45; 10,000 shares on Oct. 20 at a price of $13.32; and 10,000 shares on Oct. 22 at a price of $13.21. Since then, the price of the stock has increased by 2.5%.

Chairman Lawrence E. Golub bought 4,000 shares on Oct. 12 at a price of $13.74; 4,000 shares on Oct. 14 at a price of $13.61; 10,000 shares on Oct. 16 at a price of $13.45; 10,000 shares on Oct. 20 at a price of $13.32; and 10,000 shares on Oct. 22 at a price of $13.21. The price of the stock has increased by 2.5% since then.

For the complete list of stocks bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by Joy Hu


User Generated Screeners


pjmason14Momentum
wigbertHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)