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Top Insider Trades 6/18/13: VGR, CTHS, AMCX, MBRG

|Includes:AMCX, MBRG, Vector Group Ltd. (VGR)

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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 Tuesday, June 18, 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
Lebow Bennett S DIR Vector VGR B $4,788,000
Erickson Ronald CEO,PR,DIR Visualant VSUL JB* $500,000
Klein John E CB,DIR Cognizant Tech CTSH B $470,828
Chase Anthony R DIR Sarepta SRPT B $385,043
Russell Angus C DIR Questcor Pharm QCOR B $149,986
Sokol David L BO Middleburg Finl MBRG B $149,179
Frost Phillip Md CEO,CB,BO Opko Health OPK B $118,285
Parker Geoffrey M VP,CFO Anacor Pharm ANAC B $104,373
Engel William E DIR Rentrak RENT B $102,881
Livek William Paul CEO,DIR Rentrak RENT B $102,815

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Dolan Patrick F BO,DIR Amc Networks AMCX JS* $18,750,000
Brown Williamson BO Reynolds Amer RAI JS* $12,912,092
Kellogg WK Fdn BO Kellogg K AS $3,783,827
Casper Marc N CEO,DIR Thermo Fisher TMO AS $3,713,830
Miller Alan B CB,CEO,BO Universal Health UHS S $2,821,828
Wexford Capital O Epl Oil & Gas EPL S $1,931,012
Tocio Mary Ann PR,COO,DIR Bright Horizons BFAM JS* $1,585,390
Akradi Bahram CB,PR,CEO Life Time Fitness LTM S $1,540,200
Everist Thomas S DIR Mdu Resources MDU S $1,522,263
Lissy David H CEO,DIR Bright Horizons BFAM JS* $1,046,357

Source: | Key to Insider Title and Trans Type Codes