Kyle Justin Loudermilk, President & CEO at GSE Systems (NASDAQ:GVP), reported a large insider buy on November 27, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Loudermilk purchased 45,455 shares of GSE Systems. The total transaction amounted to $91,864.
GSE Systems shares are trading up 7.05% at $3.19 at the time of this writing on Tuesday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however ...