 Eaton Vance Senior Income Inc NYSE:EVF was trading 0.1 higher from the previous closing price. Saba Capital Management, L.P. filed a Form 4 with the SEC on Wednesday, July 22. The insider bought 50,000 shares at 5.35 on Monday, Jul 20, and bought 99,102 shares at 5.40 on Tuesday, Jul 21. . After the transactions, the executives stake in Eaton Vance Senior Income Inc. movedto 6,059,697 shares.Why Insider Transactions Are Important? While transactions from an insider shouldnt be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.Insiders buying stock after a notable sell off can indicate an insiders long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesnt feel the stock is overvalued. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention to take some profit and lock in a gain.Transaction Codes To Focus On Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga Insider Sells H.B. Fullers Shares Insider Buys Citizens Northerns Shares Stocks That Hit 52-Week Lows On WednesdayC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 