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Top Insider Trades 7/1/13: SNTA, ANF, LVS, LTS

|Includes:ANF, LTS, LVS, Madrigal Pharmaceuticals, Inc. (MDGL)

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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 Monday, July 1, 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
Clarus Lifesciences BO Nanostring Tech NSTG JB* $7,500,000
Bluemountain Cap BO Dune Energy DUNR JB* $4,161,000
Kovner Bruce DIR,BO Synta Pharm SNTA B $706,515
Trafelet Capital BO Xcel Brands XELB JB* $533,049
Gilinski Saul DIR Ladenburg Thalmann LTS JB* $500,600
Teche Bank ESOP BO Teche Holding TSH B $441,110
Stapleton Craig R DIR Abercrombie & Fitch ANF B $440,150
Baker James C VP KA Energy Dev KED B $256,800
Reid Gregory Allen CEO,DIR Salient Midst Mlp Fd SMM B $159,833
Meckler Jeffrey A DIR Qlt QLTI B $130,800

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Ccmp Capital BO Generac GNRC JS* $66,105,000
Kay Kenneth J VP,CFO Las Vegas Sands LVS S $7,685,601
Usrg Holdco V BO Ren Energy REGI AS $7,441,979
Angelakis Michael VCB,CFO Comcast CMCSA AS $5,978,905
Stuckert James W DIR Royal Gold RGLD S $4,891,054
McCluskey Helen DIR PVH PVH S $4,301,255
Keywell Bradley A DIR Groupon GRPN AS $4,232,500
Pesce William J DIR Wiley John & Sons JWA JS* $3,728,876
Haddrill Richard M DIR Bally Technologies BYI AS $2,243,036
Flatley Jay T PR,CEO,DIR Illumina ILMN AS $1,499,132

Source: | Key to Insider Title and Trans Type Codes