Which stocks are getting attention from insiders?
Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, May 3, 2012 as ranked by dollar value.
On Today's Tables: Abrams Capital Management has begun taking profits in Lamar Advertising (LAMR) after filing its Form 3 just back in August of last year. Having built its position in LAMR as it traded under $20, Abrams is obviously pleased to start booking its 50% plus gains. With LAMR currently looking a weak technically, other investors may consider following Abrams lead.
Abrams is also continuing to take profits in Arbitron (ARB) after smartly building a position in the summer of 2008. Abrams Capital Management is another institutional insider that is definitely worth following with our portfolio alerts.
Other interesting insider transactions from yesterday include:
- Insiders buying the weakness at Hess Corp (HES);
- Insiders continuing to sell heavily into strength at LinkedIn (LNKD);
More About InsiderInsights' Top Trades Tables
Company executives and directors are in the best position to assess the attractiveness of their firms' shares, and here is how many of them are voting their wallets!
Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and further analysis of a stock's full insider history may not indicate a significant insider signal.
But at Insider Insights, we find significant insider signals just about every day using screens like these to determine where we should focus are subsequent fundamental and technical analysis. And while stocks don't (and shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.
| #: | Filer Name | Insider Titles | Company Name | Ticker | Trans Type | Dollar Value | Shares Traded | Trans Date To | Ave Trans Price | Direct Holdings | Indirect Holdings |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cascade Investment | BO | Republic Services | RSG | B | $32,113,384 | 1,167,700 | 5/1/12 | $27.50 | 67,424,568 | --- |
| 2 | Ares Investments | BO | Ares Commercial RE | ACRE | JB* | $9,250,000 | 500,000 | 5/1/12 | $18.50 | 2,000,000 | --- |
| 3 | Empire Capital Mgt | BO | Sonus Networks | SONS | B | $1,414,000 | 500,000 | 5/2/12 | $2.82 | --- | 29,000,000 |
| 4 | Crane James R | DIR | Nabors Industries | NBR | B | $1,005,720 | 58,000 | 5/1/12 | $17.34 | 82,000 | --- |
| 5 | Mullin John H III | DIR | Hess | HES | B | $536,257 | 10,000 | 5/3/12 | $53.63 | 36,781 | --- |
| 6 | Frost Phillip MD et al | CEO,CB,BO | Opko Health | OPK | B | $372,965 | 80,000 | 5/2/12 | $4.70 | --- | 111,442,856 |
| 7 | Szews Charles L | PR,CEO,DIR | Oshkosh | OSK | B | $353,325 | 15,000 | 5/3/12 | $23.57 | 150,558 | --- |
| 8 | Cotter Robert F | DIR | Felcor Lodging Trust | FCH | B | $227,000 | 50,000 | 5/3/12 | $4.54 | --- | 50,000 |
| 9 | Adams Nicholas C | FO | First Opportunity Fund | FOFI.PK | B | $207,551 | 28,300 | 5/2/12 | $7.40 | 129,352 | --- |
| 10 | Kelly John C | DIR | Medicines | MDCO | B | $200,385 | 9,150 | 5/2/12 | $21.90 | 15,064 | --- |
Source: InsiderInsights.com | Key to Insider Title and Transaction Type Codes
| #: | Filer Name | Insider Titles | Company Name | Ticker | Trans Type | Dollar Value | Shares Traded | Trans Date To | Ave Trans Price | Direct Holdings | Indirect Holdings |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Toll Robert I | CB,DIR | Toll Brothers | TOL | AS | $24,776,234 | 938,183 | 5/2/12 | $26.08 | --- | 0 |
| 2 | Plank Kevin A | CEO,DIR,BO | Under Armour | UA | AS | $12,268,286 | 123,170 | 5/3/12 | $100.16 | 100 | 0 |
| 3 | Abrams Capital Mgt | BO | Lamar Advertising | LAMR | S | $10,541,615 | 330,688 | 5/2/12 | $31.80 | --- | 8,718,453 |
| 4 | Abrams Capital Mgt | BO | Arbitron | ARB | S | $8,564,255 | 227,615 | 5/2/12 | $37.58 | --- | 2,715,943 |
| 5 | Hoffman Reid | DIR,BO | LNKD | AS | $8,463,156 | 78,667 | 5/1/12 | $109.41 | --- | 0 | |
| 6 | Weiner Jeff | CEO,DIR | LNKD | AS | $8,023,688 | 74,584 | 5/1/12 | $109.36 | 100,555 | --- | |
| 7 | Samueli Henry | CTO,DIR | Broadcom | BRCM | AS | $7,282,000 | 200,000 | 5/1/12 | $36.41 | --- | 0 |
| 8 | Henke David | VP,OO | LNKD | AS | $5,647,644 | 52,500 | 5/1/12 | $109.31 | 35,359 | --- | |
| 9 | Global Environmental Inv | BO | Greenwood Gold | GEII.PK | JS* | $5,577,585 | 10,000,000 | 4/24/12 | $4.75 | 65,000,000 | --- |
| 10 | Plank J Scott | VP,BD | Under Armour | UA | AS | $5,275,453 | 52,941 | 5/3/12 | $101.67 | 1,320,924 | 41,849 |
Source: InsiderInsights.com | Key to Insider Title and Transaction Type Codes
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
