Daily Round Up: 7/7/14

by: InsiderInsights


Tables of the top insider purchases and sales filed with the SEC on Monday, July 7, 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:

A Form 4 representing over $1 billion was filed by Forest Labs relating to its purchase of shares of Furiex Pharmaceuticals (NASDAQ:FURX). As enormous a dollar value as it represents, that insider transaction doesn't actually supply actionable investment intelligence. It is merely the execution of the complete buyout of Furiex by Forest Labs--or, rather, its parent, Actavis plc (ACT)--which was announced over two months ago.

The important and profitable insider activity to follow at Furiex occurred between May 2011 and June 2012, when insiders generated four Significantly Bullish Insider Company Ratings. Check out the snapshot of our Premium Insider History of FURX to see those past signals, which gave investors following insider data plenty of time--and reason--to get into this stock.

Also note on this image that we rated the insider selling at FURX in 2013 and earlier in 2014 as Insignificantly Bearish. That was also an easy call for our automated expert system to score, since insiders selling into strength is the most common insider activity we see on a daily basis. That most of the insiders selling FURX in the past year also had non-predictive insider filing statistics made the insignificant rating obvious to our system, and kept our clients form exiting this winning position too soon.

This billion dollar transaction at FURX is further instructive to anyone following the too simplistic ratios of insider activity built on dollar values to relay market and/or sector sentiment. If the services building insider ratios from dollar values don't have special transaction types or ratings to weed out the large dollar values of pure noise that the raw insider data feed generates, their ratios will be skewed likewise--and arguably not useful to follow.

Looking at the rest of today's tables:

Insider trades were rated Significant at:

  • Mercer International (NASDAQ:MERC);
  • Magnum Hunter Resources (MHR);
  • Opko Health (NYSEMKT:OPK), and;
  • Ladenburg Thalmann Financial (NYSEMKT:LTS).

Insider trades were rated Nearly Significant at:

Insider trades were considered Insignificant at:

  • Western Gas Equity LP (NYSE:WGP);
  • CACI International (NYSE:CACI);
  • Blue Capital Reinsurance (NYSE:BCRH);
  • LinkedIn Corporation (NYSE:LNKD), and;
  • Stryker Corporation (NYSE:SYK).

There is a Conflicted Insider Signal at:

  • Life Time Fitness (NYSE:LTM).

The Insider Purchases at The Michaels Companies (NASDAQ:MIK) were 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
Dollar Value
1 Forest Laboratories BO Furiex Pharm FURX JB* $1,061,061,248
2 Rooney Patrick G CEO,DIR,BO Positron POSC JB* $1,000,000
3 Montpelier Re BO Blue Capital Re BCRH B $652,629
4 Frost Phillip Md CEO,CB,BO Opko Health OPK JB*,B $407,774
5 Kellogg Peter R BO Mercer Intl MERC B $344,725
6 Gilinski Saul DIR Ladenburg Thalmann LTS B $274,626
7 Conn Corey N CFO,DIR Positron POSC JB* $250,000
8 Sonsteby Charles M O Michaels Companies MIK JB* $170,000
9 Rubin Carl CEO,DIR Michaels Companies MIK JB* $170,000
10 McClaugherty Joe L DIR Magnum Hunter MHR B $39,535

Source: | 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
Dollar Value
1 Anadarko Petroleum BO Western Gas WGP JS* $335,282,496
2 Blue Harbour BO Caci Intl CACI S $8,583,470
3 Weiner Jeff CEO,DIR Linkedin LNKD AS $6,511,608
4 Akradi Bahram CB,CEO,DIR Life Time Fitness LTM AS $672,230
5 Kristin Maja BO Veeva Systems VEEV S $638,390
6 Stryker Ronda E DIR Stryker SYK AS $596,297
7 Clements Robert M CB,CEO Everbank Financial EVER AS $501,115
8 Troia Christopher VP,IO Barnes & Noble BKS S $470,885
9 Squiller Daniel COO Gt Adv Tech GTAT AS $300,737
10 Evanisko Michael J DIR Quintiles Trans Q AS $270,000

Source: | 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

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, 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 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.

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.