InsiderInsights.com Daily Round Up: 6/24/14

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 |  Includes: ACHN, BCRH, CACC, CO, CRM, GGP, HERO, MACK, MERC, PSX, RSG, ZSPH
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on June 24, 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 at:

  • Merrimack Pharmaceuticals (NASDAQ:MACK);
  • Phillips 66 (NYSE:PSX);
  • Hercules Offshore (NASDAQ:HERO), and;
  • Republic Services (NYSE:RSG).

Insider trades were rated Nearly Significant at:

  • Mercer International (NASDAQ:MERC);
  • China Cord Blood (NYSE:CO);
  • Credit Acceptance Corp (NASDAQ:CACC), and;
  • Achillion Pharmaceuticals (NASDAQ:ACHN)

Insider trades were considered Insignificant at:

  • Blue Capital Reinsurance (NYSE:BCRH);
  • General Growth Properties (NYSE:GGP);
  • Forest City Enterprises (NYSE:FCE.A), and;
  • Salesforce.com (NYSE:CRM).

The Insider Purchase at ZS Pharma (NASDAQ:ZSPH) 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 Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1 Cascade Inv BO Republic Services RSG B $11,250,120
2 Novo A S BO Zs Pharma ZSPH JB* $4,950,000
3 Ireland Rupert CEO,BO Virtus Oil & Gas VOIL JB* $1,999,200
4 Kellogg Peter R BO Mercer Intl MERC B $697,040
5 Montpelier Re BO Blue Capital Re BCRH B $355,673
6 Loomis William DIR Phillips 66 PSX B $299,841
7 McCarthy Kent C BO China Cord Blood CO B $295,410
8 Crocker Gary L DIR Merrimack Pharm MACK B $246,240
9 Porter Michael E DIR Merrimack Pharm MACK B $221,548
10 Rynd John T CEO,PR,DIR Hercules Offshore HERO B $144,360
Click to enlarge

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 Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1 Watson Jill Foss BO Credit Acceptance CACC JS* $67,333,488
2 Ra Capital Mgt BO Achillion Pharm ACHN S $7,390,400
3 Abu Dhabi Inv BO General Growth Pr GGP S $7,136,708
4 Ratner James A VP,BO Forest City Ent FCEA JS* $3,789,935
5 Datatax Bus Svs BO Jth Holding LTAXA JS* $3,609,617
6 Benioff Marc CB,CEO Salesforce Com CRM AS $2,308,321
7 Harold Simmons Fdn O Valhi VHI S $2,169,863
8 Borick Steven J BO Superior Industries SUP S $1,072,458
9 Sherman John J DIR,BO Crestwood Midstr CMLP AS $1,050,826
10 Essig Stuart DIR Integra Lifesciences IART AS $1,021,170
Click to enlarge

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.

Disclosure: The author is long MACK, HERO. 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.