Top Insider Trades On May 17: Buying At Hess And Halozyme

|
 |  Includes: BAS, HALO, HES, NVR
by: InsiderInsights

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday, May 17, 2012 as ranked by dollar value.

On Today's Tables:

Another insider purchase at Hess (NYSE:HES) has made this integrated energy firm's insider profile solidly bullish.

Director Ernst Von Metzsch increased his HES holdings by 19% with the 20,000 share purchase he filed yesterday. That optimism was previously reflected by Director John Mullin and Chairman John Hess, who both increased their holdings substantially with purchases in the past several weeks.

With HES now trading for less than book value, and the stock back down to a price that has represented long-term technical support in the past, this is another worthwhile stock to consider bottom feeding on.

Randal Kirk is at it again with another big buy of Halozyme Therapeutics (NASDAQ:HALO). We stated our bullish case for Halozyme's shares in our April 30 column titled: "A Halo Comes Off". And the insider backing of this beaten-down biotech has only strengthened since then.

Mr. Kirk has irrefutably bought the weakness in HALO with a near $8 million purchase of the stock that increases his holdings by a substantial 36.9%. That's quite a statement of confidence that future FDA dealings are not likely to disappoint.

Also comforting is that long-time Halozyme Director Kenneth Kelley also stepped up with a purchase of nearly $150k worth of HALO back on May 14th. That was Mr. Kelley's first open-market purchase of HALO since he became an insider at the firm in 2004, and he was last seen flipping his options for a risk-free profit way back in 2007.

Other noteworthy insider trades on today's tables include:

Two insiders selling at NVR (NYSE:NVR);
SPH Group still buying Steel Excel (SXCL.PK);
Several insiders buying the weakness at Basic Energy Services (NYSE:BAS).

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 our 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.

So use these regular columns as the initial research tools they are meant to be, and come to InsiderInsights.com to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.


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 Kirk Randal J DIR,BO Halozyme Therapeutics HALO B $7,951,403 1,071,498 5/17/12 $7.50 --- 3,977,445
2 Cascade Investment BO Republic Services RSG B $5,348,811 209,346 5/15/12 $25.55 69,065,832 ---
3 Red Mountain Capital BO Str STRI B $3,401,793 779,802 5/17/12 $4.27 --- 4,942,011
4 Cascade Investment BO Autonation AN B $2,240,261 64,340 5/15/12 $34.82 15,657,077 ---
5 Webster Steven A DIR Basic Energy Services BAS B $2,046,613 175,000 5/17/12 $10.75 766,070 ---
6 Von Metzsch Ernst H DIR Hess HES B $916,760 20,000 5/16/12 $45.79 --- 10,000
7 SPH Group BO Steel Excel SXCL.PK B $797,430 28,200 5/16/12 $28.30 4,569,409 ---
8 Brandon Joseph Patrick VP Alleghany Y B $447,971 1,350 5/16/12 $327.95 14,350 ---
9 Parente Charles E DIR W P Carey & Co WPC B $432,900 10,000 5/15/12 $43.29 56,082 ---
10 NGP Energy Technology II BO Gse Systems GVP AB $370,324 148,261 5/16/12 $2.50 2,616,525 ---
Click to enlarge

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 Heilbronn Charles DIR Ulta Salon Cosmetics ULTA JS* $652,532,992 8,050,000 5/15/12 $81.06 --- 0
2 Apollo Management Gp BO Charter Communications CHTR S $12,542,661 191,323 5/17/12 $63.99 --- 32,119,176
3 Johnson Manuel H DIR NVR NVR S $8,205,800 10,000 5/16/12 $820.58 1,048 ---
4 Singh Alok DIR Validus Holdings VR S $7,801,441 237,909 5/15/12 $32.79 --- 1,632,591
5 Saville Paul C CEO NVR NVR S $5,742,870 6,900 5/16/12 $832.30 130,916 ---
6 Weisser Alberto CEO,DIR Bunge BG AS $5,554,180 90,000 5/15/12 $62.21 75,090 ---
7 Taylor Wayne Kent CB,CEO,BO Texas Roadhouse TXRH S $3,424,705 188,793 5/16/12 $18.14 6,612,591 ---
8 Steele Milton PR,PT FMC FMC S $2,204,888 21,150 5/15/12 $104.25 --- 79,239
9 Desai Hk CB,DIR Qlogic QLGC S $1,517,250 100,000 5/16/12 $15.00 220,344 ---
10 Richardson Christopher C O Grand Canyon Education LOPE S $1,414,320 78,489 5/17/12 $18.00 --- 194,086
Click to enlarge

Source: InsiderInsights.com | Key to Insider Title and Transaction Type Codes

Disclosure: I am long HALO.