Seeking Alpha
Long/short equity, research analyst, insider ownership, behavioral finance
Profile| Send Message|
( followers)  

Summary

  • Tables of the top insider purchases and sales filed at the SEC on June 23, 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);
  • Full Circle Capital (NASDAQ:FULL);
  • Opko (NYSE:OPK), and;
  • BlackRock Defined Opp Credit Tr (NYSE:BHL).

Insider trades were considered Insignificant at:

  • U.S. Concrete (NASDAQ:USCR);
  • Scripps Networks (NYSE:SNI);
  • TD Ameritrade (NYSE:AMTD);
  • Raytheon Company (NYSE:RTN);
  • Biospecifics Technologies (NASDAQ:BSTC);
  • Quinpario Acquisition (QPACU);
  • DexCom, Inc. (NASDAQ:DXCM), and;
  • Franklin Resources Inc. (NYSE:BEN).

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

  • Ark Restaurants (NASDAQ:ARKR), and;
  • Eli Lilly and Company (NYSE:LLY)

The Insider Purchase at Zafgen (NASDAQ:ZFGN) was associated with its recent IPO. This was 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
1Cascade InvBORepublic ServicesRSGB$6,835,875
2Quinn Jeffry NCEO,CB,BOQuinpario AcquisitionQPACUJB*$1,516,065
3Felton Gregg JCEO,DIRFull Circle CapitalFULLJB*$861,005
4Frost Phillip MdCEO,CB,BOOpko HealthOPKB$412,737
5Srivisal JohnVP,CFOQuinpario AcquisitionQPACUJB*$399,600
6Lewin Bruce RDIRArk RestaurantsARKRJB*$114,140
7Lindeberg FredericDIRSafety InsuranceSAFTB$102,600
8Keenan JamesOBlackrock Def Op Cr TrBHLB$99,709
9Secor AliciaOZafgenZFGNB$80,000
10Stuart John ECB,CEOFull Circle CapitalFULLJB*$37,000

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
1Lilly EndowmentBOLilly EliLLYS$14,156,084
2Whippoorwill AssocBOUs ConcreteUSCRS$8,487,535
3Heidt Julia ScrippsBOScripps NetworksSNIS$8,176,322
4Emmett Dan ACB,DIRDouglas EmmettDEIAS$3,992,887
5Moglia Joseph HDIRTd AmeritradeAMTDS$3,735,000
6Dugle Lynn AVPRaytheonRTNAS$2,598,745
7Vogel Jeffrey KenOBiospecifics TechBSTCS$2,423,073
8Skyler Jay SDIRDexcomDXCMAS$2,400,000
9Freund John GordonDIRTetraphase PharmTTPHAS$2,045,645
10Yun William YoungVPFranklin ResBENS$1,445,890

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.

I should also relay that you could have seen the trades on today's Daily Round Up tables within hours of being filed, by signing up for our Free Intra-Day Top Trades Alerts.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

Source: InsiderInsights Daily Round Up: 6/23/14