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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
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  • Stock Insiders Buys And Sells 0 comments
    Jun 11, 2013 8:16 PM | about stocks: ACCO, SUMR, FBIO, AXP, INTC, MNST, ATRS, DENN, TTWO, JAH, ACET

    Stock Insiders Buys and Sells by GuruFocus

    ACCO Brands Corp (NYSE:ACCO): Executive VP and CFO Neal V. Fenwick Bought 15,000 Shares

    Executive VP and CFO of ACCO Brands Corp (ACCO) Neal V. Fenwick bought 15,000 shares on 06/06/2013 at an average price of $6.63.

    ACCO Brands Corporation was formerly known as ACCO World Corporation. ACCO Brands Corp has a market cap of $769.5 million; its shares were traded at around $7.01 with a P/E ratio of 6.18 and P/S ratio of 0.43.

    On April 26, 2013, ACCO Brands Corporation reported its first quarter results for the period ended March 31, 2013. Net sales increased 22% to $352.0 million, compared to $288.9 million in the prior-year quarter, due to the merger with MeadWestvaco's Consumer & Office Products business (Mead C&OP). Loss from continuing operations was $8.9 million, or $0.08 per share, compared to a loss of $17.3 million, or $0.31 per share, in the prior-year quarter. Adjusted loss from continuing operations was $7.9 million, or $0.07 per share, excluding $11.4 million of pre-tax charges primarily for restructuring and IT integration costs and using a normalized tax rate of 35%. This compared to an adjusted loss of $3.0 million, or $0.05 per share, excluding $9.1 million of pre-tax charges primarily for restructuring and transaction-related costs and using a normalized tax rate of 30%, in the prior-year quarter.

    President and COO Boris Elisman bought 2,750 shares of ACCO stock on 02/15/2013 at the average price of $8.1. Boris Elisman owns at least 22,136 shares after this. The price of the stock has decreased by 13.46% since.

    Summer Infant Inc. (NASDAQ:SUMR): CFO Paul Francese Bought 10,000 Shares

    CFO of Summer Infant Inc. (SUMR) Paul Francese bought 10,000 shares on 05/30/2013 at an average price of $3.17.

    Summer Infant Inc. was incorporated in Delaware. The company changed its name to Summer Infant, Inc. Summer Infant Inc. has a market cap of $61.5 million; its shares were traded at around $3.43 with a P/E ratio of 89.30 and P/S ratio of 0.25.

    On May 13, 2013, Summer Infant Inc. announced financial results for the first quarter ended March 31, 2013. Net revenues for the three months ended March 31, 2013 decreased 6% to $59.1 million from $63.0 million for the three months ended March 31, 2012. The decrease in revenue was primarily driven by sales of discontinued non-profitable and low margin product SKUs throughout all product categories, as well as phasing out of licensing arrangements.

    CFO Paul Francese bought 10,000 shares of SUMR stock on 05/30/2013 at the average price of $3.17. Paul Francese owns at least 30,000 shares after this. The price of the stock has increased by 8.2% since.

    Coronado Biosciences Inc. (CNDO): CFO Lucy Lu Bought 4,979 Shares

    CFO of Coronado Biosciences Inc. (CNDO) Lucy Lu bought 4,979 shares on 05/31/2013 at an average price of $3.88.

    Coronado Biosciences Inc. is a biopharmaceutical company, engaged in the development of novel immunotherapy agents for cancer and inflammatory diseases. Coronado Biosciences Inchas a market cap of $248.8 million; its shares were traded at around $8.65 .

    On May 8, 2013, Coronado Biosciences Inc. its financial results for the first quarter ended. Coronado reported a net loss of $8.9 million, or $0.35 per share, for the first quarter of 2013 compared to a net loss of $6.6 million, or $0.35 per share, for the first quarter of 2012.

    Executive VP and COO Noah D. Beerman bought 5,000 shares of CNDO stock on 05/31/2013 at the average price of $3.88. Noah D. Beerman owns at least 15,000 shares after this.

    American Express Co. (NYSE:AXP): President, American Express Co. Edward P. Gilligan Sold 415,646 Shares

    President, American Express Co. of American Express Co. (AXP) Edward P. Gilligan sold 415,646 shares on 06/03/2013 at an average price of $78.28.

    American Express Co. was founded in 1850 as a joint stock association and was incorporated in 1965 as a New York corporation. American Express Co. has a market cap of $84.02 billion; its shares were traded at around $78.28 with a P/E ratio of 19.57 and P/S ratio of 2.77. The dividend yield of American Express Co. stocks is 1.02%. American Express Co. had an annual average earnings growth of 5.1% over the past 10 years. GuruFocus rated American Express Co. the business predictability rank of 3.5-star.

    On April 17, 2013, American Express Company reported first quarter net income of $1.3 billion, up 2 percent from a year ago. Diluted earnings per share were $1.15, up 7 percent from $1.07 a year ago.

    President Global Merchant Services Anre D. Williams sold 26,618 shares of AXP stock on 05/06/2013 at the average price of $70.25. Anre D. Williams owns at least 39,987 shares after this. The price of the stock has increased by 11.43% since.

    Intel Corp (NASDAQ:INTC): Executive Vice President, GM IAG, CPO David Perlmutter Sold 535,000 Shares

    Executive Vice President, GM IAG, CPO of Intel Corp (INTC) David Perlmutter sold 535,000 shares on 06/03/2013 at an average price of $25.01.

    Intel Corporation was incorporated in California in 1968 and reincorporated in Delaware in 1989. Intel Corp has a market cap of $124.63 billion; its shares were traded at around $25.01 with a P/E ratio of 12.45 and P/S ratio of 2.42. The dividend yield of Intel Corp stocks is 3.60%. Intel Corp had an annual average earnings growth of 8.5% over the past 10 years. GuruFocus rated Intel Corp the business predictability rank of 3.5-star.

    On April 16, 2013 Intel Corporation reported first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2.0 billion and EPS of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to repurchase 25 million shares of stock.

    Executive Vice President GM, Tech and Manufacturing Group William M. Holt sold 102,138 shares of INTC stock on 05/28/2013 at the average price of $24.19. William M. Holt owns at least 39,047 shares after this. The price of the stock has increased by 3.39% since.

    Monster Beverage Corp (NASDAQ:MNST): President-Monster Beverage Division Mark J. Hall Sold 126,666 Shares

    President-Monster Beverage Division of Monster Beverage Corp (MNST) Mark J. Hall sold 126,666 shares on 06/07/2013 at an average price of $62.20.

    Monster Beverage Corp, formerly known as Hansen Natural Corporation, was incorporated in Delaware on April 25, 1990. Monster Beverage Corp has a market cap of $10.01 billion; its shares were traded at around $62.20 with a P/E ratio of 34.13 and P/S ratio of 5.35. Monster Beverage Corp had an annual average earnings growth of 46.1% over the past 10 years. GuruFocus rated Monster Beverage Corp the business predictability rank of 2.5-star.

    On May 8, 2013, Monster Beverage Corporation reported financial results for the first quarter endedMarch 31, 2013. Gross sales for the 2013 first quarter increased 7.3 percent to$555.0 million from$517.3 million in the same period last year. Net sales for the three-months endedMarch 31, 2013 increased 6.5 percent to$484.2 million from$454.6 million a year ago. Gross profit, as a percentage of net sales, for the 2013 first quarter was 52.1 percent, compared with 53.1 percent for the comparable 2012 quarter. Operating expenses for the 2013 first quarter increased to$144.7 million from$114.9 million in the same quarter last year. Operating expenses as a percentage of net sales were 29.9 percent for the 2013 first quarter, compared with 25.3 percent in the same quarter last year. Operating income for the 2013 first quarter decreased 15.0 percent to$107.3 million from$126.3 million in the comparable 2012 quarter. Net income for the 2013 first quarter decreased 16.6 percent to$63.5 million from$76.1 million in the same quarter last year. Net income per diluted share decreased 10.4 percent to$0.37 from$0.41 per diluted share in the 2012 comparable quarter.

    Vice Chairman and President Hilton H. Schlosberg sold 20,000 shares of MNST stock on 05/13/2013 at the average price of $53.85. Hilton H. Schlosberg owns at least 22,271,073 shares after this. The price of the stock has increased by 15.51% since.

    Antares Pharma Inc. (NASDAQ:ATRS): Executive Vice President and CFO Robert F. Apple Sold 115,000 Shares

    Executive Vice President and CFO Robert F. Apple sold 115,000 shares of ATRS stock on 06/04/2013 at the average price of $4.02. Robert F. Apple owns at least 368,918 shares after this. The price of the stock has increased by 2.24% since.

    Antares Pharma Inc. is a pharmaceutical company that focuses on self-injection pharmaceutical products and technologies and topical gel-based products. Antares Pharma Inc. has a market cap of $523.7 million; its shares were traded at around $4.11 with and P/S ratio of 23.53.

    Antares Pharma reported first quarter 2013 revenues of $4.5 million, compared to $6.9 million in the same quarter of 2012. Net loss was $3.4 million ($0.03 per share) compared to a loss of $0.1 million ($0.00) per share prior year quarter.

    President and CEO Paul K. Wotton sold 125,000 shares of ATRS stock on 06/03/2013 at the average price of $4.01. Director Anton Gueth and Executive Vice President Kaushik J. Dave both also sold shares of ATRS stock on 06/03/2013.

    Denny's Corporation (NASDAQ:DENN): EVP Chief Admin Officer and CFO F Mark Wolfinger Sold 100,000 Shares

    EVP Chief Admin Officer and CFO F. Mark Wolfinger sold 100,000 shares of DENN stock on 06/04/2013 at the average price of $6.05. F. Mark Wolfinger owns at least 466,242 shares after this. The price of the stock has increased by 2.81% since.

    Denny's Corporation is a Delaware Corporation. It operates as a family-style restaurant chain. Denny's Corporation has a market cap of $563.492 million; its shares were traded at around $6.22 with a P/E ratio of 25.38 and P/S ratio of 1.25.

    For its first quarter of 2013, Denny's Corporation reported net income of $7.1 million, a 20.7% increase over the prior year quarter. System-wide same-store sales decreased 0.7%.

    Take-Two Interactive Software Inc. (NASDAQ:TTWO): CFO Lainie Goldstein Sold 61,640 Shares

    CFO Lainie Goldstein sold 61,640 shares of TTWO stock on 06/03/2013 at the average price of $16.15. Lainie Goldstein owns at least 637,799 shares after this. The price of the stock has increased by 5.14% since.

    Take-Two Interactive Software Inc. was incorporated under the laws of the State of Delaware in 1993. Take-two Interactive Software Inc. has a market cap of $1.48 billion; its shares were traded at around $16.98 with and P/S ratio of 1.20.

    Take-Two Interactive Software has released its fourth quarter 2013 results ended March 31, 2013. For this quarter, GAAP net revenue was $299.5 million, an increase from the $148.1 million generated last year. GAAP net income from continuing operations was $21.2 million ($0.23 per share), as compared to a net loss of $66.0 million ($0.78 per share) prior year quarter. At the end of the quarter, Take-Two had cash and cash equivalents of $402.5 million.

    Exec VP and General Counsel Seth D. Krauss and multiple other insiders all also sold shares of TTWO stock on 06/03/2013.

    Jarden Corporation (NYSE:JAH): Vice Chairman and CFO Ian G. H. Ashken Sold 60,000 Shares

    Vice Chairman and CFO Ian G. H. Ashken sold 60,000 shares of JAH stock on 06/03/2013 at the average price of $45.9. Ian G. H. Ashken owns at least 1,106,940 shares after this. The price of the stock has decreased by 1.11% since.

    Jarden Corporation is a Delaware Corporation. The company is a provider of a diverse range of consumer products with a portfolio of over 100 brands sold globally. Jarden Corporation has a market cap of $5.06 billion; its shares were traded at around $45.39 with a P/E ratio of 25.32 and P/S ratio of 0.76. The dividend yield of Jarden Corporation stocks is 0.10%. Jarden Corporation had an annual average earnings growth of 13.6% over the past 10 years. GuruFocus rated Jarden Corporation the business predictability rank of 2.5-star.

    Jarden Corporation reported sales of $1.58 billion in its first quarter of 2013, compared to $1.50 billion last year. Net loss was $4.4 million, compared to net income of $35.1 million prior year quarter. Adjusted net income was $33.1 million compared to $40 million last year.

    CEO James E. Lillie sold 50,001 shares of JAH stock on 06/03/2013 at the average price of $45.9. Executive Chairman Martin E. Franklin sold 100,002 shares of JAH stock on 06/03/2013 at the average price of $45.91.

    Aceto Corporation (NASDAQ:ACET): Sr. Vice President and CFO Douglas A. Roth Sold 30,000 Shares

    Sr. Vice President and CFO Douglas A. Roth sold 30,000 shares of ACET stock on 06/04/2013 at the average price of $13.31. Douglas A. Roth owns at least 55,908 shares after this. The price of the stock has decreased by 3.53% since.

    Aceto Corporation was incorporated in 1947 in the State of New York. Aceto Corporation has a market cap of $358.305 million; its shares were traded at around $12.84 with a P/E ratio of 16.75 and P/S ratio of 0.72. The dividend yield of Aceto Corporation stocks is 2.06%. Aceto Corporation had an annual average earnings growth of 5.8% over the past 10 years. GuruFocus rated Aceto Corporation the business predictability rank of 3.5-star.

    Aceto Corporation saw net sales growth of 24.3% year-over-year to $150.9 million for its third quarter of 2013 ended March 31, 2013. Gross profit increased 42.3% to $31.5 million, and GAAP net income increased 41.2% to $7.6 million.

    Managing Director Eis Jan Van sold 9,000 shares of ACET stock on 06/04/2013 at the average price of $13.39.

    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: ACCO, SUMR, FBIO, AXP, INTC, MNST, ATRS, DENN, TTWO, JAH, ACET
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