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Summary

  • Tables of the top insider purchases and sales filed with the SEC on Wednesday, July 9, 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:

  • RealPage (NASDAQ:RP);
  • PIMCO Dynamic Credit Income Fund (NYSE:PCI);
  • PIMCO Dynamic Income Fund (NYSE:PDI);
  • Opko Health (NYSE:OPK);
  • Ladenburg Thalmann Financial (NYSEMKT:LTS), and;
  • Mercer International (NASDAQ:MERC).

Insider trades were rated Nearly Significant at:

  • PIMCO Municipal Income Fund II (NYSE:PML);
  • Zynga (NASDAQ:ZNGA);
  • Five Below (NASDAQ:FIVE), and;
  • Blue Capital Reinsurance (NYSE:BCRH).

Insider trades were considered Insignificant at:

  • Facebook (NASDAQ:FB);
  • Ashland (NYSE:ASH);
  • Hanesbrands (NYSE:HBI);
  • Littelfuse (NASDAQ:LFUS), and;
  • Vonage Holdings (NYSE:VG).;
  • Salesforce.com (NYSE:CRM), and;
  • Stryker Corporation (NYSE:SYK).

Insider Purchases at Minerva Neurosciences (NASDAQ:NERV) and GlobeImmune (NASDAQ:GBIM) 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 NameInsider TitlesCompany NameTickerTrans
Type
Dollar Value
1Index VentureBOMinerva NeurosciencesNERVJB*$9,724,998
2Care Capital IiiBOMinerva NeurosciencesNERVJB*$4,425,000
3Gross William HOPimco DC Inc FdPCIB$2,400,733
4Morgenthaler PartiBOGlobeimmuneGBIMJB*$1,300,000
5Gross William HOPimco Mu Inc Fd IIPMLB$756,142
6Montpelier ReBOBlue Capital ReBCRHB$707,215
7Kellogg Peter RBOMercer IntlMERCB$355,991
8Frost Phillip MdCEO,CB,BOOpko HealthOPKB,JB*$257,503
9Gilinski SaulDIRLadenburg ThalmannLTSB$141,300
10Gross William HOPimco Dyn Inc FdPDIB$74,921

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
1Obrien James J KyCEOAshlandASHAS$17,403,388
2Mattrick Donald ACEO,DIRZyngaZNGAS$6,478,852
3Schlessinger DavidCB,DIRFive BelowFIVEAS$3,723,810
4Benioff MarcCB,CEOSalesforce ComCRMAS$3,349,569
5Noll Richard ACEO,DIRHanesbrandsHBIAS$2,909,402
6Hunter GordonCB,CEO,DIRLittelfuseLFUSAS$1,652,057
7Winn Stephen TCB,CEO,BORealpageRPAS$1,558,550
8Citron Jeffrey ADIR,BOVonageVGAS$1,490,964
9Schroepfer MichaelCTOFacebookFBAS$1,301,200
10Stryker Ronda EDIRStrykerSYKAS$1,175,120

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.

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.

Source: InsiderInsights.com Daily Round Up: 7/9/14