Global Capital is a value investment management company, the purpose of its investments is to generate current income.
The company also invests in asset-backed securities, bonds, warrants, and securities.
The company's investments are generally in securities that have been rated as low-risk stocks by stock rating agencies.
The company's CEO has been purchasing from the beginning of the month until yesterday for nearly half a million dollars! (screenshot attached)
In addition, the company has been buying back its own shares in recent days! This caught our eye and signals a vote of confidence in the stock.
The company's stock price took a severe hit when the market declined in March, and is currently recovering, but has not yet reached its peak. In my opinion, there could be an opportunity here.
Analyst coverage: About a month ago, Wells Fargo gave a price target of $17.50. This price target reflects an upside of about 14% from the market price.
Technical analysis for swing trading: Current price: $15.54. First target in my opinion: $16.20. Second target in my opinion: $17.30.
Debt to equity ratio: 0.14.
Risk level: medium.
Anyone using this information does so at their own discretion and sole personal responsibility.