Co-Founder of Skechers USA Inc. (SKX) Sells Shares after Stock Drops, Plus Other Noteworthy Insider Trading Activity

Insider Buying at BDC After Completion of Equity Issuance

Two insiders at New Mountain Finance Corp. (NYSE:NMFC) snapped up some shares at the beginning of the week. Robert A. Hamwee, Chief Executive Officer since July 2010, bought 25,000 shares on Monday through multiple transactions at a weighted average cost of $13.33 per share. Following the recent transactions, Mr. Hamwee currently holds an aggregate of 250,100 shares. Board member David Ogens acquired 1,600 shares at a price tag of $13.40 each on Monday, a purchase that lifted his overall holding to 43,963 shares.

The aforementioned insider buying comes before the release of the company’s financial results for the quarter that ended September 30. The business development company that focuses on generating current income and capital appreciation through investments in debt securities at all levels of the capital structure is set to release its earnings report for the September quarter on November 8 after markets close. Just recently, New Mountain Finance Corp. (NYSE:NMFC) completed an offering of 5.75 million shares of common stock at a public offering price of $13.50 per share. The BDC plans to use the proceeds from the offering to fund new investments in portfolio companies, as well as use a portion of proceeds for other general corporate purposes. NMFC shares are up 3% year-to-date. P.A.W. Capital Partners, founded by Peter A. Wright, trimmed its position in New Mountain Finance Corp. (NYSE:NMFC) by 10% during the third quarter to 135,000 shares.

Insiders at Power-Center Focused REIT Buy the Dips

The man in charge of DDR Corp (NYSE:DDR) and one of the company’s Board members bought some shares this week. Director Thomas Finne added 1,577 shares to his portfolio on Monday at $15.20 apiece, lifting his holding to 48,000 shares. Chief Executive Officer and President Thomas F. August acquired one block of 15,000 shares and another one of 15,100 units on Monday at a weighted average price of $15.22 per share. The 15,100-share block is held by a family limited partnership. Mr. August holds a direct ownership stake of 25,000 shares following the recent purchases.

DDR Corp (NYSE:DDR) operates as a real estate investment trust focused on acquiring, owning, developing and leasing shopping centers. The REIT’s portfolio consists of 327 shopping centers, aggregating 107 million square feet in 36 states across the nation and Puerto Rico. DDR paid a dividend of $0.19 per share for the third quarter, which equates to a current annual dividend yield of 5.15%. The REIT’s portfolio leased rate was 95.4% at the end of September, down from 96.0% recorded at the end of December 2015. However, DDR increased the annualized base rent per occupied square foot by 5.6% year-over-year. The shares of the REIT have plunged 12% this year. Beech Hill Partners, led by current President and CEO Paul Cantor, reported owning 192,450 shares of DDR Corp (NYSE:DDR) through the latest round of 13Fs.

The final page of this article will discuss fresh insider selling observed at two other companies.