Art N. Burtscher, Director at NOVASTAR FINANCIAL INC (NOVS), bought 50,000 shares at $0.51 ($25K) on 2011-09-09, disclosed to the SEC on 2011-09-12.
Open-market purchase of $25k NOVS by Director. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.50 | 7,680 | $4K | 15.1% |
| 2 | $0.51 | 6,700 | $3K | 13.4% |
| 3 | $0.51 | 6,820 | $3K | 13.7% |
| 4 | $0.51 | 12,556 | $6K | 25.2% |
| 5 | $0.51 | 16,244 | $8K | 32.6% |
| Total | $0.51 avg | 50,000 |
| $25K |
| 100% |