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There are many different strategies to trade and one of them is to look for insider purchases of stocks. Any insider trading from corporate officers, key employees, vice presidents, directors, senior management or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. Legal insider trading cannot be based on material non-public information; however, most investors believe that corporate insiders may have better insights into the growth of a company and its proceedings.

In this article, I will focus on notable insider share purchases filed at the Securities and Exchange Commission on July 11, 2012. I have also included the key financial positions of each company and insider trading summaries for three-month and 12-month periods. Use this list as a potential starting point for your analysis.

1. IMAX Corporation (IMAX): IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide. IMAX Corporation has a market cap of $1.51 billion and is currently trading around $22.9 with a 52-week range of $12.57 to $29.84.The stock has gained 24.93% year to date.

According to SEC filing on July 10, 2012, Douglas Kevin, Beneficial Owner and 13(d)(3) group purchased a total of 326,400 shares at a total value of $7,499,534. Over the past three months, there have been a total of 22 insider transactions with 13 Buy transactions. Key financial metric for IMAX Corporation is given below:

The following chart provides the insider trading summary for three-month and 12 month periods.

2. Kingsway Financial Services Inc (KFS): Kingsway Financial Services Inc., through its subsidiaries, engages in the provision of property and casualty insurance products for individuals and businesses in the United States. Kingsway Financial Services has a market cap of $126.08 million and is currently trading around $2.42 with a 52-week range of $1.80 to $4.12. The stock has gained 16.35% year to date.

According to SEC filing on July 11, 2012, Stilwell Joseph (Director) purchased a total of 6,375 shares at a total value of $15,428. Over the past three months, there have been a total of one insider buy transaction. Key financial metric for Kingsway Financial Services is given below:

The following chart provides the insider trading summary for three-month and 12 month periods.

3. Marchex, Inc (MCHX): Marchex, Inc. is a digital call advertising and small business solutions company. The Company offers products, services and technologies that enable advertisers to reach local consumers across online, mobile and offline sources. Marchex has a market cap of $154.42 million and is currently trading around $4.15 with a 52-week range of $3.12 to $10.74.The stock has fallen 33.6% year to date.

According to SEC filing on July 11, 2012, Horowitz Russell C (Chief Executive Officer) purchased a total of 2,500 shares at a total value of $10,800 and these purchases were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Over the past three months, there have been a total of 12 insider transactions with 10 Buy transactions. Key financial metric for Marchex is given below:

The following chart provides the insider trading summary for three-month and 12 month periods.

4. Chesapeake Energy Corporation (CHK): Chesapeake Energy Corporation engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Chesapeake Energy has a market cap of $12.64 billion and is currently trading around $19.08 with a 52-week range of $13.32 to $35.34.The stock has fallen 14.4% year to date.

According to SEC filing on July 11, 2012, Davidson Richard K (Director) purchased a total of 2,000 shares at a total value of $39,880. Over the past three months, there have been a total of 44 insider transactions with 26 Buy transactions. Key financial metric for Chesapeake Energy is given below:

The following chart provides the insider trading summary for three-month and 12 month periods.

Sources: Some of the data is sourced from Google Finance, Nasdaq, Finviz, Fidelity and SEC.gov.

Additional Disclosure: I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to investors to make the correct decision after necessary research. The information and data is believed to be accurate, but no guarantees or representations are made.

Source: Notable Insider Buys Filed On July 11