Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Top Insider Trades 4/24/13: FWM, DG, PANL, ASBC

|Includes:ASB, DG, Fairway Group Holdings Corp. (FWM), OLED

Daily Top Insider Trades Instablog

  • Did you know? You could have seen the trades below within hours of being filed. If you want more Top Trades emailed 4 times a day, sign up for our Free Intra-Day Top Trades Alerts.

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, April 24, 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 Name Ticker Trans
Dollar Value
Mesdag Willem DIR Encore Capital ECPG JB* $9,800,000
Disc Gl Op Fd BO Universal Display PANL B $2,776,081
Srinivasan Mallika DIR AGCO AGCO AB $806,598
Santoro Charles W CB,DIR,BO Fairway Group FWM JB* $650,000
Jeffe Robert A DIR Associated Banc ASBC JB* $287,500
Kenny Peter C DIR Bank Of The Ozarks OZRK B $81,470
Cerrone Gabriel CB,DIR Synergy Pharm SGYP B $81,362
Arditte Edward C VP,CFO Fairway Group FWM JB* $65,000
Murphy Thomas J PR,CEO,DIR Arrow Financial AROW B $59,050
Buck William G DIR Cardinal Financial CFNL B $37,848

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Gates William H III DIR Microsoft MSFT AS $228,603,408
Schmidt Eric E CB,DIR Google GOOG AS $68,230,952
Jones Adrian M DIR Dollar General DG JS* $48,895,376
O Shea Paul J VP,DIR Enstar ESGR AS $16,011,294
Packer Nicholas A VP Enstar ESGR AS $12,469,751
Lund George CB,DIR Encore Capital ECPG S,JS* $9,800,000
Reid Anderson J CB,PR,CEO Six Flags Ent SIX AS $7,247,784
Care Capital II BO Acura Pharm ACUR S $2,351,050
Blair Donald W VP,CFO Nike NKE AS $2,046,000
Bisignano Frank COO JPMorgan Chase JPM S $1,895,176

Source: | Key to Insider Title and Trans Type Codes

Stocks: FWM, DG, OLED, ASB