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Stock Insider Buys And Sells

|Includes:AGNC Investment Corp. (AGNC), ARAY, FSC, GEOS, LPT, MCK, SREV, TWX, WTSL

Stock Insiders Buys and Sells by GuruFocus

American Capital Agency Corp. (NASDAQ:AGNC): CEO Malon Wilkus Bought 25,130 Shares

CEO of American Capital Agency Corp. (AGNC) Malon Wilkus bought 25,130 shares during the past week at an average price of $32.51. American Capital Agency Corp. was organized on Jan. 7, 2008, and commenced operations on May 20, 2008 following the completion of its initial public offering. American Capital Agency Corp. has a market cap of $11.12 billion; its shares were traded at around $32.51 with a P/E ratio of 13.1 and P/S ratio of 10.9. The dividend yield of American Capital Agency Corp. stocks is 15.4%.

AGNC recently reported income for the fourth quarter of 2012 of $126 million, or $0.36 per common share, and net book value of $31.64 per common share. Economic return for the period, defined as dividends on common shares plus the change in net book value per common share, was $0.40 per common share, or 5% on an annualized basis. For the full year, AGNC reported a 32% economic return on common equity.

Director Alvin N. Puryear bought 1,500 shares of AGNC stock on 12/10/2012 at the average price of $31.5. Alvin N. Puryear owns at least 1,500 shares after this. The price of the stock has increased by 3.21% since. There are mixed trades from other insiders.

Wet Seal Inc. (WTSLA): CEO John D. Goodman Bought 218,056 Shares

CEO of Wet Seal Inc. (WTSLA) John D. Goodman bought 218,056 shares on 02/14/2013 at an average price of $3.03. Wet Seal Inc. incorporated in the State of Delaware in 1990. Wet Seal Inc. has a market cap of $272.4 million; its shares were traded at around $3.03 with and P/S ratio of 0.5. Wet Seal Inc. had an annual average earnings growth of 3.5% over the past five years.

WTSLA recently reported its third quarter 2012 financial results. Net sales were $135.5 million compared to net sales of $152.1 million for the prior year third quarter.

Director Jonathan Duskin bought 23,500 shares of WTSLA stock on 09/21/2012 at the average price of $3.19. Jonathan Duskin owns at least 133,909 shares after this. The price of the stock has decreased by 5.02% since. There are mixed trades from other insiders.

Accuray Inc. (NASDAQ:ARAY): President and CEO Joshua Levine Bought 100,000 Shares

President and CEO of Accuray Inc. (ARAY) Joshua Levine bought 100,000 shares on 02/13/2013 at an average price of $4.59. Accuray Inc. was incorporated in California in 1990 and commenced operations in 1992. Accuray Inc. has a market cap of $339.3 million; its shares were traded at around $4.59 with and P/S ratio of 0.9.

PRIMECAP Management owns 7,595,000 shares as of 12/31/2012, which accounts for 0.079% of the $61.82 billion portfolio of PRIMECAP Management. John Burbank owns 4,000,000 shares as of 12/31/2012, which accounts for 0.99% of the $2.59 billion portfolio of Passport Capital.

For the second quarter of fiscal 2013 Accuray reported total consolidated GAAP revenue of$77.8 million and total non-GAAP revenue of $77.7 million. By comparison, for the second quarter of fiscal 2012, total GAAP revenue was $106.4 million and total non-GAAP revenue was $102.9 million.

Senior Vice President and Chief Commercial Officer Kelly Londy bought 100 shares of ARAY stock on 01/18/2013 at the average price of $5.26. Kelly Londy owns at least 73,253 shares after this. The price of the stock has decreased by 12.74% since. Other insiders have decreased their positions in the company.

Fifth Street Finance Corporation (NYSE:FSC): CEO Leonard M. Tannenbaum Bought 15,000 Shares

CEO of Fifth Street Finance Corporation (FSC) Leonard M. Tannenbaum bought 15,000 shares on 02/13/2013 at an average price of $10.75. Fifth Street Finance Corp. is a Delaware Corporation. Fifth Street Finance Corporation has a market cap of $1.14 billion; its shares were traded at around $10.75 with a P/E ratio of 11.5 and P/S ratio of 6.9. The dividend yield of Fifth Street Finance Corporation stocks is 10.7%.

Whitney Tilson owns 133,700 shares as of 12/31/2012, which accounts for 1.1% of the $123 million portfolio of T2 Partners Management LP. David Einhorn owns 1,998,692 shares as of 12/31/2012, which accounts for 0.33% of the $6.38 billion portfolio of Greenlight Capital.

Chief Investment Officer Ivelin M. Dimitrov bought 1,000 shares of FSC stock on 02/14/2013 at the average price of $10.94. Ivelin M. Dimitrov owns at least 19,265 shares after this. The price of the stock has decreased by 1.74% since. Other insiders have increased their positions in the company.

ServiceSource International Inc. (NASDAQ:SREV): CEO and Chairman of the Board Michael A. Smerklo Bought 21,500 Shares

CEO and Chairman of the Board of ServiceSource International Inc (SREV) Michael A. Smerklo bought 21,500 shares on 02/11/2013 at an average price of $6.95. ServiceSource International Inc. founded in 1999 was incorporated in Delaware. ServiceSource International Inc. has a market cap of $523.6 million; its shares were traded at around $6.95 with and P/S ratio of 2.2.

Director Barry D. Reynolds bought 361,815 shares of SREV stock on 09/07/2012 at the average price of $9.68. Barry D. Reynolds owns at least 6,440,395 shares after this. The price of the stock has decreased by 28.2% since. There are mixed trades from other insiders.

Geospace Technologies Corp (NASDAQ:GEOS): President and CEO Gary D. Owens Sold 237,760 Shares

President and CEO of Geospace Technologies Corp (GEOS) Gary D. Owens sold 237,760 shares on 02/12/2013 at an average price of $103.05. Geospace Technologies Corp designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. Geospace Technologies Corp has a market cap of $1.34 billion; its shares were traded at around $103.35 with a P/E ratio of 55.2 and P/S ratio of 11.8. Geospace Technologies Corp had an annual average earnings growth of 37.7% over the past 10 years.

Geospace Technologies Corp. reported net income of $22.0 million and revenue of $77.8 million for their fiscal year 2013 first quarter.

President and CEO Gary D. Owens sold 255,260 shares of GEOS stock in September and February. CFO and Secretary Thomas T. McEntire sold 25,000 shares of GEOS stock on 02/12/2013 at the average price of $106.79. Senior Vice President and Chief Technical Officer Michael J. Sheen and Vice President HR Lacey Rice sold 88,032 shares of GEOS stock in September, October and December.

Time Warner Inc. (NYSE:TWX): Chairman of the Board and CEO Jeffrey L. Bewkes Sold 308,947 Shares

Chairman of the Board and CEO of Time Warner Inc. (TWX) Jeffrey L. Bewkes sold 308,947 shares during the past week at an average price of $52.39. Time Warner Inc. is a media and entertainment company. Time Warner Inc. has a market cap of $50.69 billion; its shares were traded at around $53.52 with a P/E ratio of 20.1 and P/S ratio of 1.8. The dividend yield of Time Warner Inc. stocks is 1.9%.

Time Warner Inc. reported their 2012 full year company results. The company reported revenues of $28.7 billion and net income of $3.0 billion.

Chairman of the Board and CEO Jeffrey L. Bewkes sold 308,947 shares of TWX stock in February. Director Kenneth J. Novack sold 32,307 shares of TWX stock on 12/14/2012 at the average price of $46.68.

Liberty Property Trust (LRY): Chairman, President and CEO William P. Hankowsky Sold 169,667 Shares

Chairman, President and CEO of Liberty Property Trust (LRY) William P. Hankowsky sold 169,667 shares on 02/12/2013 at an average price of $39.47. Liberty Property Trust is a self-administered and self-managed Maryland real estate investment trust. Liberty Property Trust has a market cap of $4.68 billion; its shares were traded at around $39.54 with a P/E ratio of 38.5 and P/S ratio of 6.8. The dividend yield of Liberty Property Trust stocks is 4.8%.

Liberty Property Trust reported net income of $147.8 million and total operating revenue of $685.6 million for the company's 2012 annual results.

Chairman, President and CEO William P. Hankowsky sold 305,222 shares of LRY stock in October, December and February. Executive Vice President and CFO George J. Alburger Jr. sold 71,035 shares of LRY stock in October, December and February. Director David L. Lingerfelt and Executive Vice President and COO Robert E. Fenza sold 148,536 shares of LRY stock in October, January and February.

McKesson Inc. (NYSE:MCK): Chairman, President and CEO John H. Hammergren sold 150,000 Shares

Chairman, President and CEO of McKesson Inc. (MCK) John H. Hammergren sold 150,000 shares on 02/13/2013 at an average price of $105.03. McKesson Corporation is a Delaware Corporation. The company delivers medicines, pharmaceutical supplies, information and care management products and services designed to reduce costs and improve quality across the healthcare industry. Mckesson Inc. has a market cap of $24.06 billion; its shares were traded at around $103.42 with a P/E ratio of 15.6 and P/S ratio of 0.2. The dividend yield of McKesson Inc. stocks is 0.8%. McKesson Inc. had an annual average earnings growth of 22.4% over the past 10 years.

Revenue was $31.2 billion and net income was $298 million for McKesson Inc.'s fiscal 2013 third quarter.

Chairman, President and CEO John H. Hammergren sold 150,000 shares of MCK stock on 02/13/2013 at the average price of $105.03. Executive Vice President Human Resources Jorge Figueredo, Executive Vice President GC and Chief Compliance Officer Laureen Seeger, Executive Vice President Corp Strategy and Business Development Brian Scott Tyler and Director Marie L/ca Knowles sold 55,369 shares of MCK stock in December and January.

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.

Stocks: AGNC, WTSL, ARAY, FSC, SREV, GEOS, TWX, LPT, MCK