InsiderInsights.com Daily Round Up 4/27/16: UAL, AGC, DRRX, ACTG

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Includes: ACTG, AGC, DFS, DRRX, FB, IPGP, K, MDSO, MFRM, MGP, MLNX, PM, QVCA, RIT, RSPP, SLG, UAL
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on 4/27/16, based on dollar value.

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

Proprietary Insider Company Ratings are relayed to clarify significance.

Dollar value is only one metric to assess the significance of an insider transaction, but when high dollar value intersects with significance, it spotlights a stock investors should take the time to consider. InsiderInsights Daily Round Up articles are intended as initial research tools, so investors can separate real insider investment intelligence from time-wasting noise.

Click the Company Name links in the tables below to analyze a company's or insider's full insider history.

Educational note from InsiderInsights:
Insider filing volumes are at a seasonal low point due to companies closing trading windows to their insiders until quarterly earnings are released. As a result, the dollar values of trades featured in our Daily round Up articles (particularly the purchases) will likely be lower than usual until early May.

On Today's Tables:

Insider trades were rated Significant at :

  • United Continental (NYSE:UAL);
  • Durect (NASDAQ:DRRX);
  • AC Convertible & Inc (NYSE:AGC), and;
  • Acacia Research (NASDAQ:ACTG).

Insider trades were rated Nearly Significant at:

  • LMP Real Estate Income Fund (NYSE:RIT).

Insider trades were considered Insignificant at:

  • SL Green Realty (NYSE:SLG);
  • RSP Permian (NYSE:RSPP);
  • Liberty Interactive (NASDAQ:QVCA);
  • Philip Morris Intl (NYSE:PM);
  • Mellanox Tech (NASDAQ:MLNX);
  • Medidata (NASDAQ:MDSO);
  • Kellogg (NYSE:K);
  • IPG Photonics (NASDAQ:IPGP), and;
  • Facebook (NASDAQ:FB).

There is a Conflicted Insider Signal (both purchases & sales) at:

  • Mattress Firm (NASDAQ:MFRM), and;
  • Discover Finl (NYSE:DFS).

There is an IPO or Known Corporate Action at:

  • MGM Growth Properties (NYSE:MGP).

It's difficult to argue significance for most transactions made during IPOs, or when insiders make trades during a known corporate action.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1 21 April Fund BO Durect DRRX JB* $6,875,000
2 Berkshire Partners BO Mattress Firm MFRM B $6,815,873
3 Murren James DIR MGM Growth Properties MGP JB* $4,725,000
4 Bulldog Investors BO LMP Real Estate Income Fund RIT B $885,118
5 Hornbuckle William DIR MGM Growth Properties MGP JB* $630,000
6 Whitehurst James M DIR United Continental UAL B $492,255
7 Saba Capital Mgt BO AC Convertible & Inc AGC B $308,177
8 McManus John DIR MGM Growth Properties MGP JB* $262,500
9 Hart Brett J VP,GC United Continental UAL B $245,440
10 Key Marvin E CEO Acacia Research ACTG B $228,058
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 Kellogg WK Fdn BO Kellogg K AS $15,185,786
2 Levine Andrew S LO,GC SL Green Realty SLG S $4,020,790
3 Camilleri Louis C CB,DIR Philip Morris Intl PM S $3,232,356
4 Schloss Eileen VP,HR Medidata MDSO S $3,197,402
5 Valentin Gapontsev Tr BO IPG Photonics IPGP AS $2,231,868
6 Cox Christopher K O Facebook FB AS $1,710,489
7 Vadon Mark C DIR Liberty Interactive QVCA AS $1,574,035
8 Collins Ted Jr DIR,BO RSP Permian RSPP AS $1,328,898
9 Federman Irwin CB,DIR Mellanox Tech MLNX S $1,138,390
10 Graf R Mark VP,CFO Discover Finl DFS S $1,122,391
Click to enlarge

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.


Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.