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Top Insider Buys Highlight for the Week of Jan. 25

- By Shuda Xia

The largest insider buys this week were GAMCO Global Gold Natural Resources & Income Trust (GGN), DISH Network Corp. (DISH), FS KKR Capital Corp. (FSK) and Barings BDC Inc. (BBDC).

GAMCO Global Gold Natural Resources & Income Trust director bought 3,953 shares

Director Michael J. Melarkey bought 3,953 shares of GAMCO Global on Jan. 22 for an average price of $3.99 per share. The share price has increased 2.01% since then.


The close-ended equity mutual fund was launched by GAMCO Investors Inc. and is managed by Gabelli Funds LLC. The fund focuses on investing in stocks of companies that are involved in the exploration, mining, fabrication or trading of gold and gold-related activities. The company has a market capitalization of $552.190 million; as of Jan. 25, it traded at $4.07.

On Nov. 16, the mutual fund announced its board of trustees approved cash distributions of 5 cents per share for January, February and March 2019. The distribution for January was paid on Jan. 24 to common shareholders of record as of Jan. 16. The distribution for February will be payable on Feb. 21 to shareholders of record as of Feb. 13, while the distribution for March will be payable on March 22 to shareholders of record as of March 15.

DISH Network executive vice president bought 20,000 shares

Executive Vice President James Defranco bought 20,000 shares of DISH on Jan. 23 for an average price of $29.44 per share. Since then, the share price has increased 2.17%.

DISH Network is an American satellite and television company that focuses on direct-broadcast satellite service. The company provides satellite television, audio programming and interactive television services to both commercial and residential customers. The company has a market capitalization of $14.07 billion; as of Jan. 25, it traded at $30.08.

On Dec. 13, the company announced it will join the Comscore Campaign Ratings beta alongside other media companies.

FS KKR Capital CEO bought 40,854 shares

CEO Michael C. Forman bought 40,854 shares of FS KKR on Jan. 23 for an average price of $6.08 per share. The stock has climbed 2.96% since then.

FS KKR Capital is an American business development company that focuses on providing customized credit solutions to private middle-market companies. The company mainly seeks to invest in senior secured debt and subordinated debt of private companies. The company has a market capitalization of $3.33 billion; as of Jan. 25, it traded at $6.26.

On Dec. 19, the company announced that the merger of FS Investment Corp. and Corporate Capital Trust Inc. had closed. This merger created the second-largest publicly traded business development company. The company began trading under a new ticker symbol on Dec. 20, 2018.

Barings BDC's investment adviser bought 14,700 shares

Investment adviser Barings LLC bought 14,700 shares of Barings on Jan. 24 for an average price of $9.73 per share. The share price has decreased 0.1% since then.

Barings is an externally managed investment and business development company, which invests in senior secured loans to private U.S. middle-market companies. The company's investment activities are managed by its investment adviser, Barings LLC. The company has a market capitalization of $498.470 million; as of Jan. 25, it traded at $9.72.

On Nov. 8, Barings announced its financial results for the third quarter of 2018. Net investment income was $3.3 million, or 6 cents per share, while net realized gains for the quarter were $600,000, or 1 cent per share. Total assets as of Sept. 30 totaled $1,377.4 million.

For the complete list of stocks bought by company executives, go to Insider Trades.

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

This article first appeared on GuruFocus.