InsiderInsights.com Daily Round Up 6/9/16: William Lyon, Advance Auto Parts, Acacia Research, Garrison Capital

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Includes: AAP, ACTG, CARB, CRVL, DHG, FHN, GARS, GNTX, JGV, LHCG, MRTX, NH, NOW, OPK, Q, SHAK, SIX, WLH
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on 6/9/16, 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. And during periods of high filing volumes for insider trades at the SEC (which started weeks ago and will continue through June), the all-too-common insignificant high-dollar trades push many significant lower-dollar transactions off our Round Up columns.

As a result, readers are missing out on more than the usual investment ideas insiders are generating on a daily basis. So for the next week, we're also posting our comprehensive new "Daily Reports" via Instablogs.

Our Daily Report is a comprehensive list of all the stocks that had insider activity the prior session - with each stock clearly labeled with our proprietary Company Ratings. To see these much more useful Reports, click the following links to see our Instablogs for June 2nd, June 3rd, June 6th, June 7th, June 8th, and June 9th.

On Today's Tables:

Insider trades were rated Significant at:

  • William Lyon (NYSE:WLH);
  • Shake Shack (NYSE:SHAK);
  • Opko Health (NYSEMKT:OPK);
  • Nuveen Global Equity Income Fund (NYSE:JGV);
  • Garrison Capital (NASDAQ:GARS);
  • Acacia Research (NASDAQ:ACTG), and;
  • Advance Auto Parts (NYSE:AAP).

Insider trades were rated Nearly Significant at:

  • Web Com (WWWW), and;
  • Gentex (NASDAQ:GNTX).

Insider trades were considered Insignificant at:

  • Deutsche High Income Opportunities Fund (NYSE:DHG);
  • Six Flags Ent (NYSE:SIX);
  • Servicenow (NYSE:NOW);
  • Corvel (NASDAQ:CRVL), and;
  • Carbonite (NASDAQ:CARB).

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

  • Quintiles Trans (NYSE:Q);
  • Mirati Therapeutics (NASDAQ:MRTX);
  • Lhc (NASDAQ:LHCG), and;
  • First Horizon National (NYSE:FHN).

There is an IPO or Known Corporate Action at:

  • Nant Health (NASDAQ:NH).

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 Okumus Fund Mgt BO Web Com WWWW B $35,646,933
2 Soon Shiong P CEO,DIR,BO Nant Health NH JB* $5,000,002
3 GMT Capital BO William Lyon WLH B $3,409,120
4 Greco Thomas CEO,DIR Advance Auto Parts AAP B $1,010,494
5 Saba Capital Mgt BO Deutsche High Income Opportunities Fund DHG B $403,588
6 Bulldog Investors BO Nuveen Global Equity Income Fund JGV B $322,136
7 Walsh Frank E Iii DIR Acacia Research ACTG B $199,828
8 Martin R Brad DIR First Horizon National FHN JB* $136,652
9 Frost Phillip Md CEO,CB,BO Opko Health OPK B $109,752
10 Tansey Joseph B CEO,DIR Garrison Capital GARS B $104,749
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 3i BO Quintiles Trans Q JS* $148,724,992
2 Jaffer Rehan BO Six Flags Ent SIX S $38,461,404
3 Nabi Usman DIR Six Flags Ent SIX S $38,461,404
4 Luddy Frederic B DIR Servicenow NOW AS $14,822,275
5 Baker Bros BO Mirati Therapeutics MRTX S $9,402,473
6 Coliseum Cap DIR Lhc LHCG S $6,110,250
7 Bauer Fred CB,CEO Gentex GNTX S $5,786,367
8 Select Equity DIR Shake Shack SHAK S $5,618,025
9 Corstar BO Corvel CRVL S $4,624,055
10 Mv Mgt X BO Carbonite CARB S $4,334,000
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 am/we are long WLH.

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.

Additional disclosure: I am Short SHAK.