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Top Insider Trades 3/14/13: GCAP, MRC, AKAM, FES

Daily Top Insider Trades Instablog

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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 Thursday, March 14, 2013 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
Filer Name Insider Titles Company Ticker Trans
Dollar Value
Qatar Inv Auth BO Tiffany TIF B $43,999,808
Master Gl Assets BO Gain Capital GCAP B $4,223,052
Coliseum Capital DIR,BO Lhc LHCG B $2,553,876
Steel Excel BO Forbes Energy FES B $1,262,037
Leighton F Thomson CEO,DIR Akamai Tech AKAM B $1,042,500
Knoll Fred DIR Atheronova AHRO JB* $340,000
Mac Mahon Thomas DIR Express Scripts ESRX B $297,925
Frost Phillip MD CEO,CB,BO Opko Health OPK B,JB* $258,313
Wolf Dale B DIR Molina Health MOH B $229,503
Patterson Scott B BO Cytrx CYTR B $147,647

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Ticker Trans
Dollar Value
Goldman Sachs BO Mrc Global MRC JS* $709,124,480
Bank Of America DIR,BO Hertz Global HTZ JS* $483,025,408
Kar II BO Kar Auction KAR JS* $276,276,000
Page Lawrence CEO,DIR,BO Google GOOG AS $17,114,346
Crestview Gp BO Charter Comms CHTR S $15,570,144
Mastercard Fdn BO Mastercard MA S $13,139,402
Cousins Thomas G CB Cousins Props CUZ AS $12,068,291
Wish Barry N DIR Ocwen Final OCN S $8,192,435
Kellogg WK Fdn BO Kellogg K AS $5,854,600
Mackey John P CEO,DIR Whole Foods WFM S $4,400,450

Source: | Key to Insider Title and Trans Type Codes