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Top Insider Trades 4/26/13: GCAP, GE, PFMT, NSPR

|Includes:GAIN Capital Holdings, Inc. (GCAP), GE, NSPR, PFMT

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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 Friday, April 26, 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
Master Global BO Gain Capital GCAP B $2,825,238
Beattie William G DIR General Electric GE B $218,000
Barer Sol J DIR Inspiremd NSPR JB* $100,000
Strobel Russ M DIR Firstmerit FMER B $84,817
Toppan Alexander BO Intl Baler IBAL JB* $76,475
Posner Kenneth A O Capital Bank CBF B $42,615
Clarke Michael W PR,CEO,DIR Access National ANCX B $42,160
Morrison William T CEO,DIR Monarch Finl MNRK B $40,000
Dahl James H BO Pope Resources POPE B $24,688
Judice Marc W DIR Home Bancorp HBCP B $19,795

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Fortress Inv BO Seacube BOX JS* $392,150,016
Schmidt Eric E CB,DIR Google GOOG AS $60,867,136
Pcp Managers BO Performant Finl PFMT JS* $57,450,000
Chou Francis BO Overstock Com OSTK S $8,029,678
Lithia Holding Co BO Lithia Motors LAD AS $6,191,389
Wright John A VP,COO Constellation Br STZ S $4,762,140
Frissora Mark P DIR Delphi Auto DLPH AS $1,103,600
Stryker Ronda E DIR Stryker SYK AS $914,819
Samueli Henry CB,CTO,DIR Broadcom BRCM AS $875,000
Peters Charles VP,CFO Red Hat RHT AS $792,194

Source: | Key to Insider Title and Trans Type Codes