Insiders Bought These Shares On August 28

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 |  Includes: BKH, CEO, CHH, FSC, HALO, IRF, LMCA, OPK, PKT, SIRI, SONS
by: StockPandit

There are many different strategies to trade stocks and one of them is to find insider trading of stocks. When corporate insiders trade in their own securities, they must report their trades to the Securities and Exchange Commission (SEC), usually within a few business days of the trade. Insider trading cannot be based on material non-public information. However, many 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 buy transactions (market cap greater than $250 million) filed at the Securities and Exchange Commission on August 28, 2012. I have also included the key financial metrics for the first three companies. You can use this list as a potential starting point for your analysis.

Definition of Insider: Corporate insiders are either a company's officers, directors, or any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934.

1. Sirius XM Radio Inc (NASDAQ:SIRI): Sirius XM Radio provides satellite radio services in the United States and Canada. Sirius has a market cap of $9.70 billion and is currently trading around $2.53 with a 52-week range of $1.27 to $2.64. The stock has gained 39.01% year to date.

According to SEC filings on August 28, 2012, Liberty Media Corp (NASDAQ:LMCA), Beneficial Owner purchased a total of 40,460,803 shares at a total value of $102,200,029. Over the past three months, there have been a total of 15 insider transactions with 8 Buy transactions. The key financial metrics for Sirius are given below:

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

2. Choice Hotels International, Inc (NYSE:CHH): Choice Hotels International operates as a hotel franchisor worldwide. Choice Hotels International has a market cap of $1.84 billion and is currently trading around $31.78 with a 52-week range of $28.31 to $44.49. The stock has fallen 16.48% year to date.

According to SEC filings on August 28, 2012, Alexander Stiles Barbara (Director) purchased a total of 8,000 shares at a total value of $256,000. Over the past three months, there have been a total of 11 insider transactions and all of them are Buy transactions. The key financial metrics for Choice Hotels International are given below:

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

3. Sonus Networks, Inc (NASDAQ:SONS): Sonus Networks Inc. provides infrastructure and subscriber solutions. Sonus Networks has a market cap of $537.58 million and is currently trading around $1.92 with a 52-week range of $1.56 to $3.11. The stock has fallen 20% year to date.

According to SEC filings on August 28, 2012, Empire Capital Management Llc (Beneficial Owner) purchased a total of 122,421 shares at a total value of $232,600. Please refer the footnotes from Form 4 for more information on the ownership. Over the past three months, there have been a total of 26 insider transactions with 21 Buy transactions. The key financial metrics for Sonus Networks are given below:

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

Other notable insider buy transactions (minimum transaction value of $100,000) filed with the SEC on August 28, 2012, are as follows:

4. Opko Health Inc (NYSE:OPK): Opko Health is a pharmaceutical and diagnostics company engaged in the discovery, development, and commercialization of novel and proprietary technologies, primarily in the United States, Chile, and Mexico. Opko Health has a market cap of $1.32 billion and is currently trading around $4.44 with a 52-week range of $3.82 to $5.85. The stock has fallen 9.39% year to date. According to SEC filings on August 28, 2012, Frost Phillip Md Et Al (CEO & Chairman) purchased a total of 42,500 shares at a total value of $190,811. Please refer the footnotes from Form 4 for more information on the ownership.

5. Halozyme Therapeutics, Inc (NASDAQ:HALO): Halozyme Therapeutics is a biopharmaceutical company that develops and commercializes various products for patient care. Halozyme Therapeutics has a market cap of $588.56 million and is currently trading around $5.68 with a 52-week range of $3.86 to $13.50. The stock has fallen 40.27% year to date. According to SEC filings on August 28, 2012, Kelley Kenneth J (Director) purchased a total of 20,000 shares at a total value of $113,974.

6. Procera Networks, Inc (NASDAQ:PKT): Procera Networks provides intelligent policy enforcement solutions, based on deep packet inspection technology that enable mobile and broadband network operators and entities to manage private networks. Procera Networks has a market cap of $436.54 million and is currently trading around $22.56 with a 52-week range of $7.12 to $25.99. The stock has gained 44.8% year to date. According to SEC filings on August 28, 2012, Losty Mary (Director) purchased a total of 5,000 shares at a total value of $112,175.

7. Fifth Street Finance Corp (NASDAQ:FSC): Fifth Street Finance Corp is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors. Fifth Street Finance Corp has a market cap of $572.23 million and is currently trading around $10.49 with a 52-week range of $8.60 to $10.60. The stock has gained 9.61% year to date. According to SEC filings on August 28, 2012, Tannenbaum Leonard M ((NYSE:CEO)) purchased a total of 10,000 shares at a total value of $104,750.

8. Black Hills Corporation (NYSE:BKH): Black Hills Corporation operates as a diversified energy company primarily in the United States. Black Hills Corp has a market cap of $1.51 billion and is currently trading around $34.15 with a 52-week range of $29.10 to $35.82. The stock has gained 1.7% year to date. According to SEC filings on August 28, 2012, Black Hills Corp had two insiders combine purchased a total of 3,000 shares at a total value of $102,656.

9. International Rectifier Corporation (NYSE:IRF): International Rectifier Corporation engages in the design, manufacture, and marketing of power management semiconductors in the United States, Europe, and Asia. International Rectifier has a market cap of $1.22 billion and is currently trading around $17.64 with a 52-week range of $15.88 to $25.07. The stock has fallen 9.17% year to date. According to SEC filings on August 28, 2012, International Rectifier had two insiders combined purchase a total of 6,000 shares at a total value of $101,016.

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

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SIRI over the next 72 hours. I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time. 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.

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.