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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It recently scrapped talks with Dmatek about a potential offer for the electronic tagging group.
Top Director Buys
Value: £212,000
Value: £46,000
Value: £33,474
Value: £32,000
Value: £25,025
Value: £19,671
Value: £19,670
Value: £19,530
Value: £19,530
Value: £18,650
-
Gold’s allure and why you should never 'pay a premium for graded coins'It is easy to become distracted by the beauty of gold, but remember why you buy it, says Dominic Frisby
-
A rebound in UK's commercial property – should you invest?UK commercial property's three-year bear market finally appears to be over, says Max King
