In a recent transaction, Paul Jay Williams, a director of Cliffwater Corporate Lending Fund (NASDAQ:CCLFX), has purchased shares of the company worth approximately $190,000. The transaction took place on July 19, 2024, with the shares acquired at a price of $10.71 each.
Williams' acquisition involved two separate purchases. The first purchase was for 11,204.483 shares, and the second for 6,535.948 shares, both at the same price per share of $10.71. Following these transactions, Williams' total holdings in Cliffwater Corporate Lending Fund have increased significantly.
It should be noted that part of the shares acquired in the second transaction are held in the account of Williams' spouse. This detail was mentioned in the footnotes of the SEC filing, highlighting the importance of considering the broader context of ownership when evaluating insider transactions.
Investors often monitor insider buying as it can provide insights into the confidence that company executives and directors have in the firm's future performance. The recent purchases by Williams could be interpreted as a positive sign for Cliffwater Corporate Lending Fund's outlook, as seen through the eyes of an individual with inside knowledge of the company.
The reported transactions are part of a public disclosure filed with the SEC, which provides transparency into the trading activities of the company's insiders. These filings are a routine part of compliance with securities regulations and offer investors a glimpse into the actions of key company stakeholders.
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