InsiderInsights.com Daily Round Up: 6/26/14

|
 |  Includes: ADBE, ADSK, ARDX, ATU, CLUB, DNR, ECR, GOOG, KONA, LLY, OPK, PCI, PULB, RSG, SAM, VER, YELP
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on June 26, 2014, based on dollar value.

Dollar values often do not equate with significance when it comes to insider trades.

Proprietary Insider Company Ratings 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:

  • PIMCO Dynamic Credit Income Fund (NYSE:PCI);
  • Republic Services (NYSE:RSG);
  • YELP (NYSE:YELP)
  • Pulaski Financial (NASDAQ:PULB);
  • Opko Health (NYSEMKT:OPK), and;
  • American Realty Capital Properties (ARCP).

Insider trades were rated Nearly Significant at:

  • Actuant Corp (NYSE:ATU), and;
  • Denbury Resources (NYSE:DNR).

Insider trades were considered Insignificant at:

  • Google (NASDAQ:GOOG);
  • Adobe Systems (NASDAQ:ADBE);
  • Boston Beer (NYSE:SAM);
  • Autodesk (NASDAQ:ADSK);
  • Kona Grill (NASDAQ:KONA), and;
  • Town Sports International (NASDAQ:CLUB).

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

  • Eli Lilly & Co (NYSE:LLY).

Insider transactions at Ardelyx (NASDAQ:ARDX) and Eclipse Resources (NYSE:ECR) were associated with recent IPOs, and it's difficult to garner investment intelligence from transactions by insiders in 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 $24,985,402
2 Valueact DIR Adobe Systems ADBE B $7,243,000
3 New Enterprise BO Ardelyx ARDX JB* $7,146,188
4 Gross William H O Pimco DC Inc Fd PCI B $4,047,383
5 Bradshaw Stanley J DIR Pulaski Financial PULB JB* $3,383,457
6 Hg Vora Capital Mgt BO Town Sports Intl CLUB B $2,196,343
7 Felman Leon A DIR Pulaski Financial PULB JB* $1,999,995
8 Gross William H O Pimco Dyn Inc Fd PDI B $1,355,936
9 Frost Phillip Md CEO,CB,BO Opko Health OPK B $562,443
10 Montpelier Re BO Blue Capital Re BCRH B $354,276
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 Schmidt Eric E CB,DIR Google GOOG AS $53,023,838
2 Valueact DIR Adobe Systems ADBE S $47,312,500
3 Lilly Endowment BO Lilly Eli LLY S $15,356,768
4 Malone John C CB,DIR,BO Liberty Media LMCA S $10,000,174
5 Mulligan Seamus DIR Jazz Pharm JAZZ AS $7,484,735
6 Arzbaecher Robert C DIR Actuant ATU AS $3,389,000
7 Jundt James R DIR Kona Grill KONA JS* $1,757,500
8 Hulburt Benjamin W CEO,DIR Eclipse Resources ECR S $1,624,796
9 Maheshwari Umesh CTO Nimble Storage NMBL AS $1,409,811
10 Greene Ronald G DIR Denbury Resources DNR S $1,374,750
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.

Did you miss our Previous Daily Round Up?

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.