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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 (NASDAQ: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 (NYSE: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 (NYSE:HES);

- Insiders continuing to sell heavily into strength at LinkedIn (NYSE: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.

Insider Purchases
#: 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 OTCPK:FOFI 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

Insider Sales
#: 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 Linkedin LNKD AS $8,463,156 78,667 5/1/12 $109.41 --- 0
6 Weiner Jeff CEO,DIR Linkedin 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 Linkedin LNKD AS $5,647,644 52,500 5/1/12 $109.31 35,359 ---
9 Global Environmental Inv BO Greenwood Gold OTC:GEII 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

Source: Top Insider Trades: May 3, 2012