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Weekly Top Insider Buys Highlight for the Week of Jan. 18

- By Shuda Xia

The largest Insider Buys this week were for Phillips 66 Partners LP (PSXP), DISH Network Corp. (DISH), FS KKR Capital Corp. (FSK) and Barings BDC Inc. (BBDC).

Phillips 66 Partners LP (PSXP): Director Mark Haney bought 1,392 shares

Director Mark Haney bought 1,392 shares of PSXP stock on Jan. 16 at the average price of $49.31. The price of the stock has increased by 0.1% since.


Phillips 66 Partners LP is a master limited partnership formed by Phillips 66. The company focuses on acquiring, operating, and developing fee-based crude oil, refined petroleum products, and natural gas liquids pipelines and other midstream assets. The company has a market capitalization of $6.11 billion, and as of Jan. 18 it traded at $49.36.

On Jan. 14 Phillips 66 Partners LP announced that the company has entered into an agreement to develop the ACE Pipeline System jointly with Harvest Midstream Company and PBF Logistics LP. The new pipeline system will provide crude oil transportation service from the market center in St. James, Louisiana, to downstream refining destinations in Belle Chasse, Meraux, and Chalmette, Louisiana.

DISH Network Corp. (DISH): Executive Vice President James Defranco bought 25,000 shares

Executive Vice President James Defranco bought 25,000 shares of DISH stock on Jan. 14 at the average price of $28.01. The price of the stock has increased by 6.39% since.

DISH Network Corp. 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 $13.94 billion, and as of Jan. 18 it traded at $29.80.

On Dec. 13, 2018 DISH Network Corp. announced that it will join the Comscore Campaign Ratings beta alongside other media companies. DISH Media encompasses inventory of both DISH and Sling TV and marks the first multichannel video programming distributor to join Comscore's cross-platform video ad measurement solution.

FS KKR Capital Corp. (FSK): Director Richard Goldstein I bought 5,000 shares

Director Richard Goldstein I bought 5,000 shares of FSK stock on Jan. 17 at the average price of $5.85. The price of the stock has increased by 0.85% since.

FS KKR Capital Corp. 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 $3.14 billion, and as of Jan. 18 it traded at $5.90.

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

Barings BDC Inc. (BBDC): Investment Adviser Barings LLC bought 317,466 shares

Investment Adviser Barings LLC bought 55,600 shares of BBDC stock on Jan. 17 at the average price of $9.68. The price of the stock has decreased by 0.83% since.

Barings BDC Inc. is an American externally managed investment and business development company. The company focuses on investing 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 $492.327 million, and as of Jan. 18 it traded at $9.60.

On Nov. 8, 2018 Barings BDC Inc. announced its financial results for the third quarter of 2018. Net investment income for the quarter was $3.3 million, or 6 cents per share, while net realized gains for the quarter was $600,000, or 1 cent per share. Total assets of the company, as of Sept. 30, 2018, totaled $1.38 billion.

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.

This article first appeared on GuruFocus.