Board Members at High-Dividend-Paying BDC and Low-Priced Exploration Stage Mining Company Purchase Shares, Plus Other Insider Transactions

Several Insiders at WebMD Health Offload Shares

Two insiders at WebMD Health Corp. (NASDAQ:WBMD) offloaded shares this week. To start with, Martin J. Wygod, Chairman of the Board of WebMD since May 2005, sold 50,000 shares on Monday, 40,710 shares on Tuesday, and 4,290 shares on Wednesday at prices varying from $53.06 to $53.67 per share, all of which were held indirectly by a trust fund that currently owns 677,173 shares. Mr. Wygod also holds a direct ownership stake of 143,334 shares. Joseph E. Smith, who became a member of the company’s Board of Directors in October 2009, discarded 25,821 shares on Monday at prices that fell between $53.20 and $53.31 per share, cutting his overall stake to 23,921 shares.

WebMD Health Corp. (NASDAQ:WBMD) generates revenue from the advertising and sponsorship services of the WebMD Health Network, which includes its primary public portal for consumers and related mobile-optimized sites and mobile apps, its primary public portal for physicians and other healthcare professionals, as well as other sites and apps through which the company provides branded health and wellness content, tools and services. The company’s total revenue for the three months that ended September increased by 12.3% year-over-year to $171.44 million. The shares of WebMD Health are up 10% thus far in 2016. Michael Lowenstein’s Kensico Capital had around 5.10 million shares of WebMD Health Corp. (NASDAQ:WBMD) in its portfolio of holdings at the end of September.

Board Member at Independent Bank Group Sells Shares After Acquisition Announcement

One member of Independent Bank Group Inc. (NASDAQ:IBTX)’s Board of Directors unloaded a great deal of shares this week. Douglas A. Cifu, who has been a director since 2008 and currently serves as the Board’s lead independent director, liquidated 26,677 shares on Tuesday and 18,323 shares on Wednesday at prices varying from $62.80 to $63.85 per share. Following the recent sales, Mr. Cifu currently owns a total of 5,990 shares directly, along with an additional indirect ownership stake of 405,000 shares held by VV-IB Holdings LLC.

The community-centric lending institution has seen its market capitalization rise by an impressive 96% since the beginning of the year, which likely explains the insider selling discussed above. In late November, Independent Bank Group Inc. (NASDAQ:IBTX) agreed to acquire Carlile Bancshares Inc. and its subsidiary Northstar Bank, which operates 24 full-service banking locations in Texas and 18 banking locations in Colorado. The aggregate consideration of the all-stock merger amounts to $434 million. The number of hedge fund firms invested in Independent Bank Group fell to nine from 12 during the third quarter. Glenn Russell Dubin’s HIghbridge Capital Management added a 9,199-share stake in Independent Bank Group Inc. (NASDAQ:IBTX) to its portfolio during the September quarter.

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