Daily Round Up 7/6/16: Shake Shack, State Street, Global Medical REIT

by: InsiderInsights


Tables of the top insider purchases and sales filed with the SEC on 7/6/16, 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 August.

On Today's Tables:

Insider trades were rated Significant at:

  • Shake Shack (NYSE:SHAK).

Insider trades were rated Nearly Significant at:

  • Global Medical Reit (OTCQB:GMRE), and;
  • State Street (NYSE:STT).

Insider trades were considered Insignificant at:

  • Intl Speedway (NASDAQ:ISCA);
  • ITT Educ Svs (NYSE:ESI);
  • Biglari (NYSE:BH);
  • Intercloud Systems (NASDAQ:ICLD);
  • Truecar (NASDAQ:TRUE);
  • Constellation Br (NYSE:STZ);
  • Intel (NASDAQ:INTC);
  • IHS (IHS);
  • Alphabet (NASDAQ:GOOG), and;
  • Calpine (NYSE:CPN).

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

  • Joint (NASDAQ:JYNT).

There is an IPO or Known Corporate Action at:

  • Syros Pharm (NASDAQ:SYRS);
  • Randolph Bancorp (NASDAQ:RNDB), and;
  • Higher One (NYSE:ONE).

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
Dollar Value
1 Zhang Jing Guo DIR,BO Global Medical Reit GMRE JB* $15,030,134
2 Aisling Capital Iii BO Syros Pharm SYRS JB* $5,000,000
3 Zhang Yude BO ITT Educ Svs ESI B $671,573
4 Phillips Richard A Sr DIR Randolph Bancorp RNDB JB* $500,000
5 Brown Hyatt J DIR Intl Speedway ISCA JB* $337,058
6 Donovan Paul R DIR Randolph Bancorp RNDB JB* $250,000
7 Biglari Sardar DIR,BO Biglari BH AB $226,605
8 Glenhill Advisors BO Joint JYNT B $158,042
9 Busch Jeffrey CB,PR,DIR Global Medical Reit GMRE JB* $90,090
10 Munro Mark E Nj CB,CEO Intercloud Systems ICLD B $49,999
Click to enlarge

Source: | 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
Dollar Value
1 Lightyear Fund II BO Higher One ONE S $22,905,267
2 Mullin Thomas J VP,GC Constellation Br STZ S $4,971,894
3 Green Equity Invi DIR,BO Shake Shack SHAK S $3,635,038
4 Pichai Sundar CEO Alphabet GOOG S $2,763,779
5 Carp Jeffrey N VP,LO,SEC State Street STT AS $2,421,084
6 Klein David Eric VP,CFO Constellation Br STZ S $2,377,685
7 Krzanich Brian M CEO,DIR Intel INTC AS $2,337,609
8 Fusco Jack A DIR Calpine CPN AS $2,274,975
9 Yergin Daniel VCB IHS IHS S $1,428,518
10 United Services Automobile Association BO Truecar TRUE AS $1,344,618
Click to enlarge | 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 short SHAK.

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.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.