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Top Insider Trades 9/12/12: NS, SMG, AGCO, HOTT

|Includes:AGCO, HOTT, NuStar Energy L.P. (NS), SMG

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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 Wednesday, September 12, 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, 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 with any questions on our proprietary insider data, and how it is best analyzed.



Insider Purchases
Greehey William E DIR Nustar Energy NS B $23,980,600
Srinivasan Mallika DIR AGCO AGCO AB $5,063,815
Coliseum Capital Mgt DIR,BO Providence Service PRSC B $1,825,455
Becker Steven R DIR Hot Topic HOTT B $469,980
Harris Jerrold B DIR BR Build Am Bond Tr BBN B $287,218
Frost Phillip MD et al CEO,CB,BO Opko Health OPK B $262,938
Thomas James A CB,PR,CEO Thomas Properties TPGI B $202,865
Emmett Richard J DIR Francescas FRAN B $145,050
SPH Group BO Dgt DGTC B $132,796
Adams Nicholas C FO First Opportunity Fund FOFI B $131,760
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes



Insider Sales
Murray Stephen P DIR Warner Chilcott WCRX JS* $183,400,000
Page Lawrence CEO,DIR,BO Google GOOG AS $19,136,526
Frink Lloyd D VCB,PR,BO Zillow Z AS $11,171,662
Barton Richard N CB,DIR,BO Zillow Z AS $11,000,390
Hagedorn Partnership BO Scotts Miracle Gro SMG S $10,961,697
Msd Capital BO Asbury Automotive ABG S $6,679,128
Sordello Steven J VP,CFO Linkedin LNKD AS $5,905,507
Essex Woodlands Hlth BO Endologix ELGX S $5,609,540
Zollars Robert CEO,DIR Vocera Comms VCRA JS* $5,437,222
Rose Edward W III DIR Drew Industries DW S $3,232,207
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes