On November 26, 2024, Grumhaus David D Jr., President and Chief Executive Officer of DNP Select Income Fund Inc., purchased 2,000 shares of the company. Following this transaction, the insider now owns a total of 8,361 shares of DNP Select Income Fund Inc. The transaction details can be found in the SEC Filing.
DNP Select Income Fund Inc (DNP, Financial) is a closed-end diversified management investment company. The company primarily invests in a diversified portfolio of equity and fixed income securities, with a focus on generating current income and long-term growth of income.
The recent purchase by Grumhaus David D Jr. is part of a broader trend of insider buying within the company. Over the past year, the insider has acquired a total of 5,000 shares and has not sold any shares. This activity aligns with the overall insider transaction history for DNP Select Income Fund Inc, which shows 9 insider buys and 0 insider sells over the same period.
On the day of the recent purchase, shares of DNP Select Income Fund Inc were trading at $9.60 each, resulting in a market cap of $3.532 billion. Investors may consider this insider buying activity as a potential indicator of confidence in the company's future prospects.
For further valuation metrics, the stock's GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow can provide additional insights into the stock's valuation.
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