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Welcome to edition sixty five of Insider Weekends. Insider buying increased with insiders purchasing $306.6 million of their stock last week when compared to $216.1 million in the week prior. Selling also increased with insiders selling $521.6 million worth of stock compared to $218.7 million in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 1.7. In other words, insiders sold almost twice the amount of stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the week prior when the ratio stood at 1.01. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio September 2, 2011:

Insider Sell Buy Ratio September 2, 2011

Note: As mentioned in the first post in this series Introduction to Insider Weekends, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Overseas Shipholding Group Inc. (OSG): $16.29

Shares of this oil tanker company were acquired by 2 insiders:

  • Director Charles Fribourg acquired 62,547 shares, paying $17.96 per share for a total amount of $1.1 million. These shares were purchased indirectly through an entity.
  • Director Oudi Recanati acquired 4,342 shares, paying $15.00 per share for a total amount of $65,130. Mr. Recanati increased his stake by 0.35% to 1,256,052 shares with this purchase.

You can view the list of recent insider transactions for Overseas Shipholding Group Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 0.51 Price/Book: 0.31 EV/EBITDA: 103.93
Market Cap: $496.26M Avg. Daily Volume: 820,562 52 Week Range: $14.77 – $38.32

2. Zhongpin, Inc. (HOGS): $9.31

Shares of this Chinese food and meat products company were acquired by 2 insiders:

  • CEO and Chairman Xianfu Zhu acquired 75,000 shares, paying $8.05 per share for a total amount of $603,900. Mr. Zhu increased his stake by 1.18% to 6,442,506 shares with this purchase.
  • Executive VP & Secretary Baoke Ben acquired 50,000 shares, paying $8.05 per share for a total amount of $402,400. Mr. Ben increased his stake by 5.97% to 888,125 shares with this purchase.

You can view the list of recent insider transactions for Zhongpin, Inc. here.

P/E: 4.98 Forward P/E: 3.77 Industry P/E: 14.01
P/S: 0.33 Price/Book: 0.8 EV/EBITDA: 5.54
Market Cap: $375.71M Avg. Daily Volume: 1,102,700 52 Week Range: $7.7 – $25

3. MBIA Inc. (MBI): $7.64

Chief Executive Officer Joseph W. Brown acquired 100,000 shares of this property & casualty insurance company, paying $7.60 per share for a total amount of $760,000. Mr. Brown increased his stake by 2.34% to 4,378,446 shares with this purchase.

You can view the list of recent insider transactions for MBIA Inc. here.

P/E: N/A Forward P/E: 6.02 Industry P/E: 11.26
P/S: N/A Price/Book: 0.8 EV/EBITDA: -9.14
Market Cap: $1.50B Avg. Daily Volume: 3,347,050 52 Week Range: $5.99 – $14.96

4. Monster Worldwide, Inc. (MWW): $8.73

Shares of this online employment solutions provider were acquired by 4 insiders:

  • Chairman, President and CEO Salvatore Iannuzzi acquired 50,000 shares, paying $8.17 per share for a total amount of $408,500. Mr. Iannuzzi increased his stake by 3.54% to 1,460,686 shares with this purchase.
  • Executive Vice President Timothy T. Yates acquired 25,000 shares, paying $8.17 per share for a total amount of $204,250. Mr. Yates increased his stake by 4.22% to 617,723 shares with this purchase.
  • EVP, Chief Financial Officer James M. Langrock acquired 12,237 shares, paying $8.17 per share for a total amount of $99,986. Mr. Langrock increased his stake by 4.70% to 272,509 shares with this purchase.
  • Director Cynthia McCague acquired 1,000 shares, paying $8.17 per share for a total amount of $8,170. These shares were purchased indirectly by Mrs. McCague’s husband

It is worth noting that all these insiders acquired shares of Monster Worldwide at the same purchase price.

You can view the list of recent insider transactions for Monster Worldwide, Inc. here.

P/E: 167.88 Forward P/E: 11.64 Industry P/E: 14.56
P/S: 1.07 Price/Book: 0.92 EV/EBITDA: 8.91
Market Cap: $1.07B Avg. Daily Volume: 3,761,510 52 Week Range: $7 – $25.9

5. Medtronic, Inc. (MDT): $34.21

Shares of this medical devices company were acquired by 3 insiders:

  • Director Jack W. Schuler acquired 10,000 shares, paying $35.14 per share for a total amount of $351,400. Mr. Schuler increased his stake by 1.93% to 528,397 shares with this purchase.
  • Director Kendall J. Powell acquired 3,000 shares, paying $35.20 per share for a total amount of $105,600. These shares were purchased indirectly through a trust.
  • Director Richard H. Anderson acquired 3,000 shares, paying $35.23 per share for a total amount of $105,690. Mr. Anderson increased his stake by 18.98% to 18,804 shares with this purchase.

You can view the list of recent insider transactions for Medtronic, Inc. here.

P/E: 11.92 Forward P/E: 9.07 Industry P/E: N/A
P/S: 2.29 Price/Book: 2.27 EV/EBITDA: 8.03
Market Cap: $36.38B Avg. Daily Volume: 7,273,540 52 Week Range: $30.18 – $43.33

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Perrigo Co. (PRGO): $89.87

Shares of this pharmaceutical company were sold by 12 insiders:

  • Director Moshe Arkin sold 250,000 shares for $96.23, generating $24.06 million from the sale. These shares were sold indirectly By Nichsei Arkin Ltd.
  • Director David T. Gibbons sold 29,500 shares for $95.42, generating $2.8 million from the sale. 17,500 of these shares were sold as a result of exercising options immediately prior to the sale.
  • EVP Global Operations & Supply John T. Hendrickson sold 14,896 shares for $91.57, generating $1.4 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Sr. VP Commercial Business Dev Jeffrey Needham sold 11,065 shares for $92.06, generating $1.02 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • EVP & GM Perrigo Israel Refael Lebel sold 10,959 shares for $92.07, generating $1 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Sr. VP Global Human Resources Michael Robert Stewart sold 8,946 shares for $95.22, generating $851,880 from the sale. 7,946 of these shares were sold as a result of exercising options immediately prior to the sale.
  • Executive VP & CFO Judy L. Brown sold 8,864 shares for $89.71, generating $795,186 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Senior VP and CIO Thomas Farrington sold 8,181 shares for $91.81, generating $751,128 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Senior VP Global Quality Louis Yu sold 6,239 shares for $93.78, generating $585,065 from the sale. 3,436 of these shares were sold as a result of exercising options immediately prior to the sale.
  • Executive VP, General Counsel Todd W. Kingma sold 6,000 shares for $89.69, generating $538,152 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Executive VP U.S. Generics Sharon Kochan sold 5,216 shares for $96.22, generating $501,903 from the sale. 2,913 of these shares were sold as a result of exercising options immediately prior to the sale.
  • Sr VP & Chief Scientific Offic Jatin Shah sold 1,000 shares for $94.75, generating $94,750 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Perrigo Co. here.

P/E: 24.79 Forward P/E: 17.35 Industry P/E: 15.46
P/S: 3.15 Price/Book: 5.67 EV/EBITDA: 15.03
Market Cap: $8.34B Avg. Daily Volume: 678,036 52 Week Range: $57.68 – $97.29

2. Clean Energy Fuels Corp. (CLNE): $12.42

Shares of this natural gas fueling stations company were sold by 3 insiders:

  • Director Boone Pickens sold 1,319,488 shares for $13.36, generating $17.6 million from the sale. These shares were sold indirectly By Boone Pickens Interests Ltd.
  • CEO and President Andrew J. Littlefair sold 8,000 shares for $13.11, generating $104,880 from the sale.
  • Director Warren I. Mitchell sold 2,000 shares for $13.11, generating $26,220 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • SVP, Sales and Finance Peter J. Grace sold 2,000 shares for $12.85, generating $25,705 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

It is very interesting to see famous oil tycoon and investor T. Boone Pickens dump his Clean Energy stock, especially after championing alternative energy sources and natural gas.

You can view the list of recent insider transactions for Clean Energy Fuels Corp. here.

P/E: 66.77 Forward P/E: N/A Industry P/E: N/A
P/S: 3.77 Price/Book: 2.17 EV/EBITDA: 37.07
Market Cap: $873.16M Avg. Daily Volume: 1,711,520 52 Week Range: $11.16 – $17.85

3. Waste Connections Inc. (WCN): $33.63

Shares of this waste management company were sold by 6 insiders:

  • Chief Operating Officer Darrell W. Chambliss sold 47,100 shares for $34.00, generating $1.6 million from the sale.
  • Chief Executive Officer Ronald J. Mittelstaedt sold 23,750 shares for $34.30, generating $814,661 from the sale.
  • Chief Financial Officer Worthing Jackman sold 15,000 shares for $34.81, generating $522,164 from the sale.
  • Director William J. Razzouk sold 7,200 shares for $35.22, generating $253,589 from the sale.
  • Vice President Eric Hansen sold 933 shares for $34.57, generating $32,254 from the sale.
  • Vice President Scott Irving Schreiber sold 553 shares for $35.00, generating $19,355 from the sale.

You can view the list of recent insider transactions for Waste Connections Inc. here.

P/E: 24.35 Forward P/E: 19.67 Industry P/E: 15.7
P/S: 2.75 Price/Book: 2.77 EV/EBITDA: 10.88
Market Cap: $3.80B Avg. Daily Volume: 801,458 52 Week Range: $25.6 – $35.35

4. Nxstage Medical, Inc. (NXTM): $17.82

Shares of this medical devices company were sold by 2 insiders:

  • Director Philippe O. Chambon sold 94,457 shares for $18.22, generating $1.7 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Director Perper Reid sold 78,540 shares for $18.53, generating $1.5 million from the sale.

You can view the list of recent insider transactions for Nxstage Medical, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 23.42
P/S: 4.91 Price/Book: 6.46 EV/EBITDA: -165.22
Market Cap: $976.05M Avg. Daily Volume: 603,461 52 Week Range: $15.93 – $27.12

5. Douglas Emmett Inc (DEI): $17.21

Chairman of the Board Dan A. Emmett sold 140,000 shares of this office and apartment REIT for $17.69, generating $2.5 million from the sale. These shares were sold indirectly through a trust and a limited partnership.

You can view the list of recent insider transactions for Douglas Emmett Inc here.

P/E: N/A Forward P/E: 12.56 Industry P/E: 14.46
P/S: 3.87 Price/Book: 1.21 EV/EBITDA: 16.38
Market Cap: $2.20B Avg. Daily Volume: 1,891,850 52 Week Range: $15.53 – $21.08

You can view the full list of sales from this Insider Sales page.

\Disclosure: I hold a long position in MBIA.

Source: Insider Buys and Sells: Zhongpin, Perrigo