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I screened with Open Insider for insider buy transactions filed on October 1. From this list, I chose the top 5 stocks with insider buying in dollar terms. Here is a look at the top 5 stocks:

1. DaVita (NYSE:DVA) is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. DaVita strives to improve patients' quality of life by innovating clinical care, and by offering integrated treatment plans, personalized care teams and convenient health-management services. As of June 30, 2012, DaVita operated or provided administrative services at 1,884 outpatient dialysis centers located in the United States serving approximately 149,000 patients. The company also operated 19 outpatient dialysis centers located in four countries outside the United States. DaVita supports numerous programs dedicated to creating positive, sustainable change in communities around the world. The company's leadership development initiatives and social responsibility efforts have been recognized by Fortune, Modern Healthcare, Newsweek and WorldBlu.

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Insider buys

Berkshire Hathaway purchased 282,403 shares on September 26-28 and currently holds 10,197,569 shares of DaVita. DaVita has 94.6 million shares outstanding which makes Berkshire Hathaway a 10.8% owner of DaVita.

Financials

The company reported the second-quarter financial results on August 1 with the following highlights:

Revenue$1.9 billion
Net income$95.3 million
Cash$273.4 million

Outlook

The company's operating income guidance for 2012 is in the range of $1,275 million to $1,325 million. The company expects its operating cash flows for 2012 to be in the range of $950 million to $1,050 million.

My analysis

The stock has a $141 price target from the Point and Figure chart. Berkshire Hathaway has been the only insider buying the shares this year. There have been 19 insider sell transactions since April 2012. The stock is trading at a forward P/E ratio of 15.04. I am cautiously bullish on the stock currently.

2. Nature's Sunshine Products (NASDAQ:NATR), a leading natural health and wellness company, markets and distributes nutritional and personal care products through a global direct sales force of over 600,000 independent distributors in more than 40 countries. Nature's Sunshine manufactures its products through its own state-of-the-art facilities to ensure its products continue to set the standard for the highest quality, safety and efficacy on the market today. The company has two reportable business segments that operate under the Nature's Sunshine Products brand and are divided based on their geographic operations in the United States (NSP United States) and in countries outside the United States (NSP International), as well as a third reportable business segment operates under the Synergy Worldwide brand. The company also supports health and wellness for children around the world through its partnership with the Little Heroes Foundation.

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Insider buys

Willem Mesdag purchased 251,900 shares on September 27-28, 202,007 shares on September 19-21 and 208,109 shares on September 14-18. Willem Mesdag serves as a director of the company.

Financials

The company reported the second-quarter financial results on August 1 with the following highlights:

Revenue$93.0 million
Net income$7.3 million
Cash$66.4 million

My analysis

The stock has a $23.5 price target from the Point and Figure chart. There have been three insider buy transactions and 12 insider sell transactions this year. The stock is trading at a forward P/E ratio of 9.22. The stock could be a good pick from the current level.

3. Contango Oil & Gas Company (NYSEMKT:MCF) is a Houston-based, independent natural gas and oil company. The company's core business is to explore, develop, produce and acquire natural gas and oil properties onshore and offshore in the Gulf of Mexico.

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Insider buys

  • John Juneau purchased 46,014 shares on September 27 - October 1. Mr. Juneau is acting CEO and President of the company.
  • Sergio Castro purchased 500 shares on September 28 and currently holds 3,500 shares of the company. Mr. Castro joined Contango in March 2006 as Treasurer, was appointed Vice President and Treasurer in April 2006, and was appointed Chief Financial Officer on June 1, 2010.

Financials

The company reported the fiscal year ended June 30, 2012 financial results on August 31 with the following highlights:

Revenue$179.3 million
Net income$58.4 million
Cash$120 million

Outlook

For the remainder of fiscal year 2013, the company's capital expenditure budget calls for the company to invest approximately $146.7 million. As of August 29, 2012, the company had no debt and approximately $120 million in net available cash.

My analysis

The stock has a $48 price target from the Point and Figure chart. There have been six insider buy transactions and five insider sell transactions this year. The stock is trading at a P/E ratio of 12.77 and has a book value of $30.36 per share. The stock could be a good pick from the $48 level.

4. Community Bank Shares of Indiana (NASDAQ:CBIN) was formed in 1991 as the nation's first ever mutual holding company. The company went public in 1995. Today, Community Bank Shares of Indiana is Southeastern Indiana's largest locally owned and headquartered bank holding company and includes Your Community Bank and The Scott County State Bank. The mission statement of Community Bank Shares of Indiana reflects its purpose: "Achieving financial goals through exceptional people and exceptional service." Community Bank Shares of Indiana strives to help shareholders, customers, employees, and communities achieve their respective financial goals by empowering talented individuals to provide a level of unmatched customer service.

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Insider buys

Norman Pfau purchased 25,048 shares on September 28. Norman Pfau has been a director of the company since 2007.

Financials

The company reported the second-quarter financial results on July 20 with the following highlights:

Net income$3.3 million
Quarterly dividend$0.1 per share
Tangible book value$15.15 per share

Outlook

James Rickard, President and Chief Executive Officer, commented on July 20:

"Bringing resolution to non-performing assets will continue to be a strategic focus. This prolonged economic climate has challenged asset valuations, overall market activity, and the speed of resolution. With that said, the market has shown some signs of stabilization, particularly in the housing sector."

My analysis

The stock has a $23 price target from the Point and Figure chart. There have been 12 insider buy transactions and there has not been any insider sell transactions this year. The stock is trading at a P/E ratio of 6.80 and has a 3.16% dividend yield. The stock could be a good pick below the tangible book value of $15.15 per share.

5. Food Technology Service (NASDAQ:VIFL) provides irradiation services for medical products, food items and consumer goods to enhance the safety of those products. The company is certified to ISO 13485:2003 standards for the provision of radiation sterilization services for medical devices.

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Insider buys

Fort Ashford Holdings purchased 33,306 shares on September 28 and 70,791 shares on September 26. Fort Ashford Holdings currently holds 802,914 shares of Food Technology Service. Food Technology Service has 2,827,980 shares outstanding which makes Fort Ashford Holdings a 27.4% owner of Food Technology Service.

Financials

The company reported the second-quarter financial results on August 13 with the following highlights:

Revenue$1.0 million
Net income$0.3 million
Cash$2.9 million

My analysis

The stock has a $10.25 price target from the Point and Figure chart. There have been eight insider buy transactions and there has been one insider sell transactions this year. The stock is trading at a P/E ratio of 19.18. The stock could be a good pick from the current level with the $10.25 target price.

Source: Top 5 Stocks With Insider Buys Filed On October 1 To Consider