Robert Rayne, chief executive of LMS Capital, has picked up 100,000 shares in the investment company at 46p each.
The £46,000 purchase takes Rayne's beneficial stake to 7.8m shares, or nearly 3% of the company, and non-beneficial interest to almost 8%.
In September, the firm posted a rise in half year pre-tax profits to £9.03m from £6.01m and said it is well placed to take advantage of new investment opportunities.
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