InsiderInsights.com Daily Round Up 6/15/16: Tempur Sealy, Pinnacle Entertainment, Ambac Financial, Nuveen Global Value

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Includes: AMBC, ATKR, BH, CLUB, EA, FB, FLEX, GOOG, HTLF, JGV, LE, PNK, RP, SHLD, SMLP, SYK, TPX, VEEV, WMS
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on 6/15/16, 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.

On Today's Tables:

Insider trades were rated Significant at :

  • Tempur Sealy Intl (NYSE:TPX);
  • Pinnacle Entertainment (NYSE:PNK);
  • Nuveen Global Value Opportunities Fund (NYSE:JGV) and
  • Ambac Financial (NASDAQ:AMBC).

Insider trades were rated Nearly Significant at:

  • Summit Midstream (NYSE:SMLP);
  • Town Sports Intl (NASDAQ:CLUB);
  • Biglari (NYSE:BH), and;
  • RealPage (NASDAQ:RP).

Insider trades were considered Insignificant at:

  • Advanced Drainage Systems (NYSE:WMS);
  • Sears (NASDAQ:SHLD);
  • Lands' End (NASDAQ:LE);
  • Veeva Systems (NYSE:VEEV);
  • Stryker (NYSE:SYK);
  • Heartland Financial USA (NASDAQ:HTLF);
  • Alphabet (NASDAQ:GOOG);
  • Flextronics Intl (NASDAQ:FLEX);
  • Facebook (NASDAQ:FB) and
  • Electronic Arts (NASDAQ:EA).

There is an IPO or Known Corporate Action at:

  • Atkore Intl (Pending:ATKR).

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 Lampert Edward S BO Lands End LE B $3,222,306
2 Sanfilippo Anthony Michael CEO,DIR Pinnacle Ent PNK B $1,711,385
3 Fairholme Capital Mgt DIR,BO Sears SHLD B $1,276,236
4 Chlapaty Joseph A CB,CEO,BO Advanced Drainage Systems WMS B $909,339
5 Nader Tavakoli CEO,DIR Ambac Financial AMBC JB* $620,896
6 Biglari Sardar DIR,BO Biglari BH AB $533,718
7 Bulldog Investors BO Nuveen Global Equity Income Fund JGV B $430,881
8 Spenchian Jay G VP,SO Tempur Sealy Intl TPX B $408,590
9 Energy Capital II DIR,BO Summit Midstream SMLP AB $373,303
10 Walsh Patrick DIR,BO Town Sports Intl CLUB B $349,937
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 Cd & R Allied BO Atkore Intl ATKR JS* $192,000,000
2 Koum Jan DIR Facebook FB AS $164,054,848
3 McNamara Michael CEO,DIR Flextronics Intl FLEX AS $3,947,509
4 Ritter Gordon DIR Veeva Systems VEEV AS $3,013,281
5 Pichai Sundar CEO Alphabet GOOG AS $2,881,970
6 Saylor Kurt DIR Heartland Financial USA HTLF AS $2,727,282
7 Fischer David B VP,SO,PT Facebook FB AS $2,707,110
8 Winn Stephen T CB,CEO,BO RealPage RP AS $2,278,500
9 Stryker Ronda E DIR Stryker SYK AS $1,374,205
10 Toledano Gabrielle B VP Electronic Arts EA AS $1,115,993
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 TPX.

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.