A Director at Select Bancorp Inc (NASDAQ: SLCT) is Buying Shares

By Carrie Williams

Today, a Director at Select Bancorp Inc (SLCTResearch Report), James Glen, bought shares of SLCT for $14.01K.

This recent transaction increases James Glen’s holding in the company by 5.24% to a total of $742.1K. This is Glen’s first Buy trade following 3 Sell transactions.

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Based on Select Bancorp Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $15.9 million and quarterly net profit of $3.45 million. In comparison, last year the company earned revenue of $15.41 million and had a net profit of $3.11 million. SLCT’s market cap is $206.1M and the company has a P/E ratio of 12.58. The company has a one-year high of $14.25 and a one-year low of $10.14.

James Glen’s trades have generated a -11.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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