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Top Insider Trades 5/3/13: CACH, AACC, HBAN, VOCS

|Includes:Cache, Inc. (CACH), ECPG, HBAN, VOCS

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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, May 3, 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
Harbinger BO Spectrum Brands SPB B,JB* $7,073,804
EMC BO VMware VMW B $4,998,444
Mill Road Capital BO Cache CACH JB* $3,500,000
Kight Peter J DIR Huntington Banc HBAN B $711,894
Frost Phillip Md CEO,CB,BO Opko Health OPK B $524,888
Okumus OV Fd BO Vocus VOCS JB*,B $501,789
Gates Robert M DIR Starbucks SBUX B $199,601
Macneil Glenn G CFO,DIR Richfield Oil ROIL JB* $165,000
Stemler Kerry M DIR Community Bank CBIN B $125,280
Weiler Alan R DIR Glimcher Realty GRT JB* $99,294

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Oaktree Opp Inv DIR Charter Comms CHTR JS* $674,615,424
Schleifer Leonard S PR,CEO,DIR Regeneron REGN AS $23,765,290
Nierenberg Inv Mgt BO Asset Accept AACC S $22,870,680
Luddy Frederic B DIR Servicenow NOW AS $22,502,138
Farrington Deborah DIR Netsuite N AS $8,839,820
Miller Stuart A CEO,DIR,BO Lennar Corp LEN AS $4,138,668
Hawk E Blake VP,GC Crown Castle CCI S $3,909,841
Samueli Henry CB,CTO,DIR Broadcom BRCM AS $3,573,274
Todman Michael PR,DIR Whirlpool WHR S $3,052,996
Abernathy Robert E PR Kimberly Clark KMB S $2,759,610

Source: | Key to Insider Title and Trans Type Codes