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Top Insider Trades 8/28/12: SIRI, HLSS, ZAGG, CHH

|Includes:CHH, HLSS, Sirius XM Holdings Inc. (SIRI), ZAGG

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Tuesday, August 28, 2012 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email support@insiderinsights.com with any questions on our proprietary insider data, and how it is best analyzed.

 

 

Insider Purchases
FILER NAME INSIDER TITLES COMPANY NAME TICKER TRANS
TYPE
DOLLAR VALUE
Liberty Media BO Sirius Xm Radio SIRI B $102,200,032
Erbey William C DIR Home Loan Servicing HLSS B $801,269
Alexander Stiles Barbara DIR Choice Hotels International CHH B $256,000
Empire Capital Mgt BO Sonus Networks SONS B $232,600
Frost Phillip MD et al CEO,CB,BO Opko Health OPK B $190,811
Burish Mark D DIR Sonic Foundry SOFO JB* $145,000
Kelley Kenneth J DIR Halozyme Therapeutics HALO B $113,974
Losty Mary DIR Procera Networks PKT B $112,224
Litespeed Management BO Dynegy DYN JB* $111,327
Tannenbaum Leonard M CEO,DIR Fifth Street Finance FSC B $104,750
Click to enlarge

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

 

 

Insider Sales
FILER NAME INSIDER TITLES COMPANY NAME TICKER TRANS
TYPE
DOLLAR VALUE
Schmidt Eric E CB,DIR Google GOOG AS $69,304,428
Lauder Ronald S CB,BO Estee Lauder EL S $42,060,896
Pedersen Robert G II CB,CEO,BO ZAGG ZAGG S $8,626,173
Weber Charlotte C DIR Campbell Soup CPB S $8,152,350
Inmobiliaria Carso SA BO Saks SKS S $4,643,361
Pasquerilla Mark E DIR Pennsylvania REIT PEI S $1,566,000
Athene BO Apollo Comml RE Finance ARI S $1,488,707
Orr Dominic P PR,CEO,DIR Aruba Networks ARUN AS $1,455,267
Peninsula Capital Mgt DIR Evolution Petroleum EPM S $1,184,538
Golsen Jack E CB,CEO,BO Lsb Industries LXU S $933,656
Click to enlarge

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Stocks: SIRI, HLSS, ZAGG, CHH