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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 October 17, 2012. I have also included the key financial metrics for these 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. Tenet Healthcare Corporation (THC): Tenet Healthcare Corporation is an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, and related health care facilities in the United States. Tenet Healthcare has a market cap of $2.53 billion and is currently trading around $24.3 with a 52-week range of $16.20 to $26.96. The stock has gained 18.42% year to date.

According to SEC filing on October 17, 2012, Glenview Capital Management LLC (Beneficial Owner) purchased a total of 433,383 shares at a total value of $10,394,087. Please refer the footnotes from Form 4 for more information on the ownership. Tenet is expected to report its third quarter results on November 7, 2012. Over the past three months, there have been a total of one insider buy transaction. Key financial metrics for Tenet Healthcare is given below:

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

2. Ascent Capital Group Inc (ASCMA): Ascent Capital Group Inc, through its subsidiary, Monitronics International, Inc., provides security alarm monitoring and related services to residential and business subscribers in the United States and Canada. Ascent Capital Group has a market cap of $866.22 million and is currently trading around $57.98 with a 52-week range of $38.58 to $58.24. The stock has gained 14.31% year to date.

According to SEC filing on October 17, 2012, Malone John C (Beneficial Owner) purchased a total of 5,000 shares (Series A Common Stock) at a total value of $288,715, through Rule 10b5-1 trading plan. Over the past three months, there have been a total of 12 insider transactions with six Buy transactions. Key financial metrics for Ascent Capital Group is given below:

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

3. Sonus Networks Inc (SONS): Sonus Networks provides infrastructure and subscriber solutions. It offers session border control (SBC), voice over Internet protocol (VoIP), and access and VoIP media gateway solutions that allow the delivery of voice and multimedia sessions over IP networks. Sonus Networks has a market cap of $512.38 million and is currently trading around $1.83 with a 52-week range of $1.56 to $3.11. The stock has fallen 23.75% year to date.

According to SEC filing on October 17, 2012, Empire Capital Management LLC (Beneficial Owner) purchased a total of 161,668 shares at a total value of $285,318. Please refer the footnotes from Form 4 for more information on the ownership. Over the past three months, there have been a total of 24 insider transactions with 19 Buy transactions. Key financial metrics for Sonus Networks is given below:

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

4. Golub Capital BDC Inc (GBDC): Golub Capital BDC is a business development company and operates as an externally managed closed-end non-diversified management investment company. Golub Capital BDC has a market cap of $19.21 million and is currently trading around $15.88 with a 52-week range of $14.20 to $16.64. The stock has gained 2.45% year to date.

According to SEC filing on October 17, 2012, Webster William M Iv (Director) purchased a total of 10,000 shares at a total value of $155,800. Please refer the footnotes from Form 4 for more information on the ownership. Over the past three months, there have been a total of five insider transactions with one Buy transaction. Key financial metrics for Golub Capital BDC is given below:

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

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

Source: Insiders Bought These Shares On October 17

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