Monday 12/7 Insider Buying Report: BCSF, GOGO

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

At Bain Capital Specialty Finance, a filing with the SEC revealed that on Thursday, Director Jeffrey B.

Hawkins purchased 18,204 shares of BCSF, at a cost of $12.50 each, for a total investment of $227,550.

So far Hawkins is in the green, up about 3.6% on their purchase based on today's trading high of $12.95.

Bain Capital Specialty Finance is trading off about 0.6% on the day Monday.

Before this latest buy, Hawkins purchased BCSF on 2 other occasions during the past year, for a total cost of $497,072 at an average of $15.96 per share.

And on Wednesday, Director Robert L.

Crandall purchased $206,360 worth of Gogo, purchasing 20,000 shares at a cost of $10.32 a piece.

This buy marks the first one filed by Crandall in the past twelve months.

Gogo is trading up about 4.6% on the day Monday.