InsiderInsights.com Daily Round Up 7/26/16: Zafgen, Kingsway Financial, Shake Shack, First Trust Dividend & Income Fund

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Includes: AMID, CEVA, DAL, FAV, FB, GOOG, KFS, LAWS, MA, MAV, MSFT, PI, RLYP, SHAK, TUP, WTFC, ZAYO, ZFGN
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on 7/26/16, 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:

  • Zafgen (NASDAQ:ZFGN);
  • Shake Shack (NYSE:SHAK);
  • Kingsway Finl (NYSE:KFS), and;
  • First Trust Dividend & Income Fund (NYSE:FAV).

Insider trades were considered Insignificant at:

  • Lawson Products (NASDAQ:LAWS);
  • ZAYO (NYSE:ZAYO);
  • Tupperware Brands (NYSE:TUP);
  • Microsoft (NASDAQ:MSFT);
  • Mastercard (NYSE:MA);
  • Alphabet (NASDAQ:GOOG);
  • Facebook (NASDAQ:FB);
  • CEVA (NASDAQ:CEVA), and;
  • American Midstream Partners (NYSE:AMID).

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

  • Wintrust Financial (NASDAQ:WTFC);
  • Pioneer Municipal High Income Advantage Trust (NYSE:MAV), and;
  • Delta Air Lines (NYSE:DAL).

There is an IPO or Known Corporate Action at:

  • Impinj (NASDAQ:PI), and;
  • Relypsa (NASDAQ:RLYP).

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 Jacobson Paul A VP,CFO Delta Air Lines DAL B $972,770
2 Hackett H Patrick Jr DIR Wintrust Financial WTFC B $504,545
3 Alberg Tom A DIR Impinj PI JB* $499,996
4 Bulldog Investors BO First Trust Dividend & Income Fund FAV B $105,865
5 Allen Patricia L CFO Zafgen ZFGN B $49,862
6 Bank Of America BO Pioneer Municipal High Income Advantage Trust MAV B $48,687
7 Heller Frances K DIR Zafgen ZFGN B $29,900
8 Fitzgerald John Taylor Maloney VP,DIR Kingsway Finl KFS AB $24,206
9 Glabe Marla F DIR Wintrust Financial WTFC B $20,231
10 Decata Michael G CEO,DIR Lawson Products LAWS B $18,052
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 Gates William DIR Microsoft MSFT AS $310,364,640
2 Orbimed Advisors BO Relypsa RLYP S $129,388,328
3 Page Lawrence CEO,DIR,BO Alphabet GOOG AS $24,932,954
4 Goings E V CB,CEO Tupperware Brands TUP S $9,374,565
5 Mastercard Fdn BO Mastercard MA S $7,808,987
6 Senvest Mgt BO CEVA CEVA S $2,179,638
7 Cox Christopher K O Facebook FB AS $1,888,850
8 Desgarennes Kenneth CFO ZAYO ZAYO AS $1,846,250
9 Flug Jeffrey DIR,BO Shake Shack SHAK AS $1,404,221
10 Energy Spectrum Securities BO American Midstream Partners AMID S $1,191,497
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 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.