Five Interesting Insider Purchases From the Beginning of 2014

This year´s third week also registered some interesting insider moves. On Wednesday, Jan. 15^th, Robert Knapp, Board Director at MVC Capital, Inc. (NYSE:MVC), added 31,006 shares to his holdings, having paid a price of $13.77 per share. On Thursday, Jan. 16^th, he –once again- purchased the company’s stock. In this occasion he bought 4,876 shares at a price of $13.87 per share. After the reported transactions, he owns 35,882 shares, indirectly, through a separately managed account and a private fund in which Mr. Knapp is a Principal. In addition, he holds 300,765.37 shares through Ironsides Holdings LLC, which is fully-owned by him.

And not only did Mr. Knapp increase his bet on MVC Capital, Inc. (NYSE:MVC) last week. Another insider that seems to see value in this stock is W Bruce Shewmaker, Managing Director, who added 500 shares to his holdings last Thursday.** He now owns 22,865.72 shares of common stock.

Finally, on Jan. 17th, Brent Smolik, President, Chief Executive Officer and Chairman at EP Energy Corp (NYSE:EPE) also filed a Form 4 report at the U.S. Securities and Exchange Commission, declaring a purchase of the company’s stock. The insider acquired his first 100 shares for $19.9 per common unit at the company’s initial public offering (IPO). In addition, he indirectly owns 375,320 shares through EPE Management Investors, LLC.

*“The transaction reported on this Form 4 was executed pursuant to a unit purchase plan in compliance with Rule 10b5-1 under the Securities Exchange Act of 1934” (Sec.gov).

** Mr. Shewmaker reported several transactions, both purchases and sales, on this date, but the final balance was an increase in his position by 500 shares. He paid about $13.83 per share.

Disclosure: Javier Hasse holds no position in any stocks mentioned