Seeking Alpha

Michael Michaud's  Instablog

Michael Michaud
Send Message
Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
My company:
Invest2Success
My blog:
Invest2Success Blog
  • Weekly Stock Insider Buys And Sells 0 comments
    Jan 9, 2013 6:25 PM | about stocks: UTHR, DNR, RICK, PERF, INTU, GOOG, ORCL

    Weekly Stock Insider Buys and Sells by GuruFocus

    United Therapeutics Corporation (NASDAQ:UTHR): CEO Martine A. Rothblatt Bought 4,167 Shares

    CEO of United Therapeutics Corporation (UTHR) Martine A. Rothblatt bought 4,167 shares on 12/28/2012 at an average price of $51.82. United Therapeutics Corporation was incorporated in Delaware in June 1996. United Therapeutics Corporation has a market cap of $2.64 billion; its shares were traded at around $51.82 with a P/E ratio of 10.6 and P/S ratio of 3.6.

    United Therapeutics recently reported its third quarter 2012 financial results. Total revenues for the quarter ended Sept. 30, 2012, were $242.5 million, up from $201.7 million for the quarter ended Sept. 30, 2011. Net income for the quarter ended Sept. 30, 2012, was $78.1 million or $1.52 per basic share, compared to $84.4 million or $1.45 per basic share for the same quarter in 2011. Gross margin from sales was $212.9 million for the quarter ended Sept. 30, 2012, compared to$178.3 million for the same quarter last year.

    John Hussman bought 500,000 shares in the quarter that ended on 09/30/2012, which is 0.67% of the $4.15 billion portfolio of Hussman Economtrics Advisors. HOTCHKIS & WILEY owns 266,800 shares as of 09/30/2012, an increase of 270.56% from the previous quarter. This position accounts for 0.088% of the $16.9 billion portfolio of Hotchkis & Wiley Capital Management LLC. Joel Greenblatt owns 280,089 shares as of 09/30/2012, which accounts for 1% of the $1.5 billion portfolio of Gotham Capital.

    CFO John Maxim Ferrari sold 1,550 shares of UTHR stock on 10/04/2012 at the average price of $58. The price of the stock has decreased by 10.66% since. Other insiders have also reduced their positions in the company.

    Denbury Resources Inc. (NYSE:DNR): CEO Phil Rykhoek Bought 1,694 Shares

    CEO of Denbury Resources Inc. (DNR) Phil Rykhoek bought 1,694 shares on 12/31/2012 at an average price of $16.77. Denbury Resources Inc. was originally incorporated in Canada in 1951. Denbury Resources Inc. has a market cap of $6.49 billion; its shares were traded at around $16.77 with a P/E ratio of 10.3 and P/S ratio of 2.6. Denbury Resources Inc. had an annual average earnings growth of 11.9% over the past 10 years. GuruFocus rated Denbury Resources Inc the business predictability rank of 3-star.

    DNR recently announced adjusted net income of $127 million for the third quarter of 2012, or $0.33 per diluted share, on quarterly revenues of $595 million. This compares to $148 million of adjusted net income, or $0.37 per diluted share, on revenues of $572 million for the prior year third quarter, and $138 million of adjusted net income, or $0.35 per diluted share, on revenues of $597 million for the second quarter of 2012.

    George Soros bought 4,261,253 shares in the quarter that ended on 09/30/2012, which is 1.1% of the $6.2 billion portfolio of Soros Fund Management LLC. Leon Cooperman owns 2,709,327 shares as of 09/30/2012, an increase of 39.04% from the previous quarter. This position accounts for 0.88% of the $4.99 billion portfolio of Omega Advisors. Ray Dalio sold out his holdings in the quarter that ended on 09/30/2012.

    Senior Vice President and CFO Mark C. Allen bought 1,149 shares of DNR stock on 12/31/2012 at the average price of $16.12. Mark C. Allen owns at least 520,091 shares after this. The price of the stock has increased by 4.03% since. There are mixed trades from other insiders.

    Rick's Cabaret International Inc. (NASDAQ:RICK): President and CEO Eric Scott Langan Bought 2,203 Shares

    President and CEO of Rick's Cabaret International Inc. (RICK) Eric Scott Langan bought 2,203 shares on 12/31/2012 at an average price of $8.3. Rick's Cabaret International Inc. was incorporated in the State of Texas in 1994. Rick's Cabaret International Inc. has a market cap of $79.54 million; its shares were traded at around $8.3 with a P/E ratio of 7.8 and P/S ratio of 0.9. Rick's Cabaret International Inc. had an annual average earnings growth of 21.2% over the past 10 years. GuruFocus rated Rick's Cabaret International Inc. the business predictability rank of 2.5-star.

    RICK recently reported consolidated total revenues of $23.9 million for its third quarter ended June 30, 2012, an increase of 15 percent compared with the $20.8 million reported for the period in 2011.

    CFO Phillip Kent Marshall bought 360 shares of RICK stock on 11/13/2012 at the average price of $7.94. Phillip Kent Marshall owns at least 8,995 shares after this. The price of the stock has increased by 4.53% since.

    Perfumania Holdings Inc. (NASDAQ:PERF): President and CEO Michael W. Katz Bought 1,527 Shares

    President and CEO of Perfumania Holdings Inc. (PERF) Michael W. Katz bought 1,527 shares on 12/31/2012 at an average price of $5.43. Perfumania Holdings Inc. operates as a wholesaler, retailer and manufacturer of designer fragrances through wholly owned subsidiaries, including Quality King Fragrance, Scents of Worth, Five Star Fragrance, and Jacavi. Perfumania Holdings Inc. has a market cap of $83.2292 million; its shares were traded at around $5.43 with and P/S ratio of 0.2. Perfumania Holdings Inc. had an annual average earnings growth of 1.6% over the past 10 years.

    Intuit Inc. (NASDAQ:INTU): Chairman of Executive Committee Scott D. Cook sold 377,497 Shares

    Chairman of Executive Committee of Intuit Inc. (INTU) Scott D. Cook sold 377,497 shares during the past week at an average price of $62.31.

    Intuit Inc. was incorporated in California in March 1984. Intuit Inc. has a market cap of $18.42 billion; its shares were traded at around $62.31 with a P/E ratio of 23 and P/S ratio of 4.2. The dividend yield of Intuit Inc. stocks is 1.1%. Intuit Inc. had an annual average earnings growth of 17.2% over the past 10 years. GuruFocus rated Intuit Inc. the business predictability rank of 4-star.

    On Nov. 15, 2012, Intuit Inc. announced financial results for its first fiscal quarter, which ended Oct. 31, and reiterated guidance for the full fiscal year 2013. Increased total revenue 12 percent, to $647 million. Demandforce subscribers grew by more than 60 percent, while QuickBooks Online subscribers grew 29 percent. Increased Small Business Group revenue 18 percent overall, including Payment Solutions revenue growth of 21 percent. Grew QuickBooks Online to more than 20,000 paying customers outside the U.S., with free trials in over 150 countries. Reiterated guidance for full fiscal year 2013, including revenue growth of 10 to 12 percent.

    Chairman of Executive Committee Scott D. Cook sold 22,504 shares of INTU stock on 12/26/2012 at the average price of $60.97. Scott D. Cook owns at least 13,739,365 shares after this. The price of the stock has increased by 2.2% since.

    Google Inc. (NASDAQ:GOOG): Executive Chairman of Board Eric E. Schmidt sold 28,193 Shares

    Executive Chairman of Board of Google Inc. (GOOG) Eric E. Schmidt sold 28,193 shares during the past week at an average price of $739.69.

    Google Inc. was incorporated in California in September 1998 and reincorporated in Delaware in August 2003. Google Inc. has a market cap of $242.49 billion; its shares were traded at around $739.69 with a P/E ratio of 20.7 and P/S ratio of 5.9. Google Inc. had an annual average earnings growth of 25.1% over the past five years. GuruFocus rated Google Inc. the business predictability rank of 2.5-star.

    On Oct. 18, 2012, Google Inc. announced financial results for the quarter ended Sept. 30, 2012. Google Inc. reported consolidated revenues of $14.10 billion for the quarter ended Sept. 30, 2012, an increase of 45% compared to the third quarter of 2011.

    Executive Chairman of Board Eric E. Schmidt sold 22,693 shares of GOOG stock on 12/28/2012 at the average price of $703.25. Eric E. Schmidt owns at least 191,966 shares after this. The price of the stock has increased by 5.18% since.

    Oracle Corporation (NYSE:ORCL): Executive Vice President Product Development Thomas Kurian sold 500,000 Shares

    Executive Vice President Product Development of Oracle Corporation (ORCL) Thomas Kurian sold 500,000 shares on 12/28/2012 at an average price of $34.72.

    Oracle Corporation was incorporated in 2005 as a Delaware corporation and is the successor to operations originally begun in June 1977. Oracle Corporation has a market cap of $163.85 billion; its shares were traded at around $34.72 with a P/E ratio of 13.4 and P/S ratio of 4.1. The dividend yield of Oracle Corporation stocks is 0.7%. Oracle Corporation had an annual average earnings growth of 18% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 4.5-star.

    On Dec. 18, 2012 Oracle Corporation announced that fiscal 2013 second quarter total revenues were up 3% to $9.1 billion. New software licenses and cloud software subscriptions revenues were up 17% to $2.4 billion. Software license updates and product support revenues were up 7% to $4.3 billion. Hardware systems products revenues were $734 million. GAAP earnings per share were $0.53, up 24% compared to last year while non-GAAP earnings per share were up 18% to $0.64. GAAP operating cash flow on a trailing twelve-month basis was $13.5 billion.

    Senior Vice President, General Counsel and Secretary Dorian Daley sold 100,000 shares of ORCL stock on 12/21/2012 at the average price of $33.52. Dorian Daley owns at least 5,000 shares after this. The price of the stock has increased by 3.58% since.

    Insider Cow

    Profit From Insider Trading
    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward. This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd. In general, insider buys are more useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

    What Is Legal and Illegal Insider Trading?

    Insider trading can commonly mean two things. Illegal and legal insider trading. In the simplest terms its the buying or selling of a security by someone who has access to material nonpublic information about the security.

    Insider trading can either be legal or illegal. Its illegal when information about a company is not public and any trading done with its stock is unfair to other investors and traders who don't know or have access to the information. So illegal insider trading normally happens when others are informed of such non-public information. Company directors and board members as well as brokers and close relatives can be found guilty of insider trading.

    Legal insider trading is when company information has been made public, then the company insider does not have an advantage over other investors and traders. Part of legal insider trading practices is the filing of all insider transactions with the Federal Securities Exchange Commission. The potential exists for non-insiders to profit from insider buying and selling is to analyze company insiders buy sell transaction reports. If an insider is buying or selling especially in large amounts it could be an indication the companies earnings performance and subsequent stock price could be affected providing reqular investors and traders to profit from.

    Guru Focus

    Stock Picks of Guru Investors
    GuruFocus is dedicated to value investing. As employed by Warren Buffett, the greatest investor of all time, value investing is the only winning strategy for the long term. GuruFocus hosts numerous value screeners and research tools, and regularly publishes articles about value investing strategies and ideas. GuruFocus also publishes three newsletters: Monthly Ben Graham Net-Net, Buffett-Munger Best Bargains and Microcap Magic Formula Stocks.

    Why Track Insiders Buying and Selling Their Own Stock?

    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward.

    This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd.

    Further, insider buys are especially useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

Back To Michael Michaud's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.