Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Guggenheim Director Makes a Buy

Guggenheim Director: Earlier this week, Randall C Barnes, Director at Guggenheim Credit Allocation Fund (NYSE:GGM), purchased 100 shares of common stock and paid $23.58 each. Mr. Barnes already owns 2,730 shares worth $64,564 approximately, but these additional hundred will remain under the control of Children’s Trust.

Guggenheim Credit Allocation Fund

The purchase continues the buying spree started at the beginning of last month. Mr. Barnes started his purchasing with the acquisition of 1,600 on September 4th at $23.50 each share, worth $37,600. The binge was continued the following day in an operation worth $14,742, for the acquisition of an additional 630 shares at $23.40 each share. However, these last shares would remain under indirect control of Mr. Barnes.

The buying spree would be resumed on the 30th September. Then, the purchase concerned an additional 1,100 shares, at $23.62 each share, for a total transaction worth $25,982. One more purchase was completed on October 2nd, for a total of 1,000 shares at a similar stock price than today’s operating price, $23.58 each share, representing an amount of $23,580.

The stock’s price has touched rock bottom on September 9th at $23.31, but it has not found a steady up trend yet. The fall has been clear through the whole month of August, and has seen a few rebounds after Mr. Barnes transactions. The behavior is not surprising, because Mr. Barnes has been the only one trading this stock in the last couple of months.

Through 2013, only Friedrich Lii Roman has accompanied Mr. Barnes’ optimism. Mr. Roman bought 200 shares of common stock at $23.73, for a total amount of $4746, at the beginning of September. Mr. Roman is, like Mr. Barnes, a director at Guggenheim Credit Allocation.

Disclosure: Jodor Jalit holds no position in any of the mentioned stocks.

Recommended Reading:

TriQuint Semiconductor Insiders Are Making Moves

BroadSoft News: Insider Purchase and a New VP

Unifirst CEO Ronald Croatti Was Buying At $91