The largest Insider Buys this week were for Calamos Strategic Total Return Fund (CSQ, Financial), FS Investment Corp. (FSIC, Financial), LTC Properties Inc. (LTC, Financial), and Knowles Corp. (KN, Financial).
Calamos Strategic Total Return Fund (CSQ, Financial): Chief Compliance Officer Mark Mickey bought 2,500 shares
Chief Compliance Officer Mark Mickey bought 2,500 shares of Calamos Strategic Total Return Fund stock on Jan. 2 at the average price of $12.08. The price of the stock has increased by 1.66% since.
Calamos Strategic Total Return Fund is a close-end fund portfolio with a mix of equities, convertibles securities, and high yield bonds that is offered by Calamos Asset Management, an American international diversified investment firm. The fund has a market capitalization of $1.9 billion, and as of Jan. 5 it traded at $12.28.
On Dec. 19, 2017, Calamos Asset Management announced the declaration of monthly distributions on each common share of its six closed-end funds for the month of January, 2018. For Calamos Strategic Total Return Fund, the distribution level rate is $0.0825 and is payable on Jan. 4 to shareholders of record at the close of business on Dec. 29, 2017.
FS Investment Corp. (FSIC, Financial): Director Thomas Gravina bought 24,500 shares
Director Thomas Gravina bought 4,500 shares of FS Investment Corp. stock on Jan. 4 at the average price of $7.66. The price of the stock has increased by 0.52% since.
FS Investment Corp. is an American business development company focused on providing customized credit solutions to private middle market U.S. companies. The company primarily invests in senior secured debt and the subordinated debt of private middle market U.S. companies. The company has a market capitalization of $1.89 billion, and as of Jan. 5 it traded at $7.70.
On Dec. 11, 2017, FS Investment Corp. announced that the company has entered into an agreement with KKR, a global investment firm, to create the largest business development company platform. The platform will have $18 billion in combined assets under management and will offer differentiated origination capabilities and expertise in capital markets.
LTC Properties Inc. (LTC, Financial): Director James Pieczynski bought 2,000 shares
Director James Pieczynski bought 2,000 shares of LTC Properties Inc. stock on Jan. 3 at the average price of $43.6. The price of the stock has decreased by 2.32% since.
LTC Properties Inc. is an American real estate investment trust that focuses on investing in seniors housing and health care properties through sale-leaseback transactions, mortgage financing, preferred equity, and mezzanine lending. The company has a market capitalization of $1.69 billion, and as of Jan. 5 it traded at $42.59.
On Jan. 3 LTC Properties Inc. announced that it has entered into a real estate joint-venture relationship with affiliates of Tealwood Senior Living and developer Tukka Properties to acquire a land parcel and develop Hamilton House, a $23 million, 110-unit independent living, assisted living, and memory care campus located in Cedarburg, Wisconsin.
Knowles Corp. (KN, Financial): President, Intelligent Audio Michael S. Polacek bought 1,007 shares
President, Intelligent Audio Michael S. Polacek bought 1,007 shares of Knowles Corp. stock on Jan. 2 at the average price of $14.78. The price of the stock has increased by 6.09% since.
Knowles Corp. is an American international supplier and manufacturer of sound equipment including micro-acoustic, audio processing, and precision device solutions. The company serves the mobile consumer electronics, communications, medical, military, aerospace, and industrial markets. The company has a market capitalization of $1.4 billion, and as of Jan. 5 it traded at $15.68.
On Nov. 28, 2017, Knowles Corp. announced that it has completed the sale of its oscillator business, part of the Precision Devices segment, to Microsemi Corporation for $130 million in cash. The company expects to use a portion of the net proceeds to reduce outstanding borrowings under the company’s revolving credit facility.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
