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Top Buys by Top Brass: Chairman, CEO and President Klein's $213K Bet on SSSSBy Dividend Channel Staff, Monday, November 21, 2:28 PM ETA company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $213K by Mark D. Klein, Chairman, CEO and President at SuRo Capital Corp. (NASDAQ:SSSS). Klein bets big on SSSS:
Klein's average cost works out to $4.26/share. In trading on Monday, bargain hunters could buy shares of SuRo Capital Corp. (NASDAQ:SSSS) and achieve a cost basis lower than Klein, with shares changing hands as low as $4.01 per share. Shares of SuRo Capital Corp. were changing hands at $4.03 at last check, trading off about 3.1% on Monday. The chart below shows the one year performance of SSSS shares, versus its 200 day moving average:
Looking at the chart above, SSSS's low point in its 52 week range is $3.62 per share, with $13.93 as the 52 week high point — that compares with a last trade of $4.03. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
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