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Summary

  • Tables of the top insider purchases and sales filed at the SEC on June 20th, 2014, based on dollar value.
  • Dollar values often do not equate with significance when it comes to insider trades.
  • Proprietary Insider Company Ratings are further given for selected companies.

I cannot repeat enough that dollar value is only one metric to assess the significance of an insider transaction. InsiderInsights calculates Insider Filer Statistics in real time, and formulates Insider Company Ratings based on numerous behavioral factors, so our clients can separate real investment intelligence from time-wasting noise.

On Today's Tables:

Insider trades were rated Significant or Nearly Significant at:

  • Republic Services (NYSE:RSG);
  • Opko Health (NYSE:OPK), and;
  • Mercer International (NASDAQ:MERC).

Insider trades were considered Insignificant at:

  • Blue Capital RE (NYSE:BCRH);
  • Enable Midstream LP (NYSE:ENBL);
  • NASB Financial Inc. (NASDAQ:NASB);
  • Sanchez Energy Corp. (NYSE:SN);
  • Restoration Hardware (NYSE:RH);
  • Sapient Corporation (NASDAQ:SAPE), and;
  • Salesforce.com, Inc. (NYSE:CRM).

There is a Conflicted Insider Signal (both Buys and Sales) at:

  • General Dynamics (NYSE:GD);

Insider Purchases at Aspen Aerogels (NYSE:ASPN) and Foresight Energy LP (NYSE:FELP) were associated with recent IPOs. These are nice to see, but it's difficult to argue significance for transactions by insiders without track records of unseasoned shares.

For more on how to profit from our Daily Round Up tables and analyze insider data, see references below.

Insider Purchases

#:Filer NameInsider TitlesCompany NameTickerTrans
Type
Dollar Value
1George Kaiser FdnBOAspen AerogelsASPNJB*$27,177,882
2Huff Craig ADIR,BOAspen AerogelsASPNJB*$21,525,934
3Cascade InvBORepublic ServicesRSGB$9,267,000
4Cline ChristopherDIR,BOForesight EnergyFELPB$2,500,000
5Hancock David HCB,DIR,BONASB FinancialNASBJB*$1,501,500
6Beyer Michael JCEO,DIRForesight EnergyFELPB$1,000,000
7Kellogg Peter RBOMercer Intl.MERCB$681,230
8Frost Phillip MdCEO,CB,BOOpko HealthOPKB$462,492
9Montpelier REBOBlue Capital REBCRHB$314,114
10Bourdon Lynn L IiiCEO,DIREnable MidstreamENBLB$235,980

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes:
B =Open-market Buy; AB=10b5-1 (automatic) Buy; JB*=Buy indicated as being open-market, but not confirmed by trading price range and volume for the session.

Insider Sales

#:Filer NameInsider TitlesCompany NameTickerTrans
Type
Dollar Value
1Sanchez AntonioCB,DIR,BOSanchez EnergySNJS*$24,675,000
2Chabraja NicholasDIRGeneral DynamicsGDS$6,000,590
3Alberini CarlosDIRRestoration HardRHAS$4,426,325
4Greenberg Jerry ADIRSapientSAPEAS$3,285,769
5Stevens BrianVP,CTORed HatRHTAS$2,729,196
6Benioff MarcCB,CEOSalesforce. comCRMAS$2,311,118
7Kemper Jonathan MVCB,DIRCommerce BancCBSHS$2,293,590
8Anderson Gary ECEOPrologisPLDS$1,826,000
9Stryker Ronda EDIRStrykerSYKAS$1,789,423
10McNamara MichaelCEO,DIRFlextronics IntlFLEXAS$1,760,515

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes:
S =Open-market Sale; AS=10b5-1 (automatic) Sale; JS*=Sale indicated as being open-market, but not confirmed by trading price range and volume for the session.

An important note from Jonathan Moreland, founder of InsiderInsights.com:

In a victory for common sense, it's been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders".

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations.

At InsiderInsights.com, our clients find new investment ideas every day using more intricate insider screens to determine where they should focus their subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be profitable indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these daily articles as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email us with any questions on our proprietary insider data, filer statistics, and company ratings.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.

Source: InsiderInsights Daily Round Up: 6/20/14