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Top Insider Trades 7/31/13: FCX, YRCW, LIQD, HAFC

|Includes:Freeport-McMoRan Inc. (FCX), HAFC, LIQD, YRCW

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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 Wednesday, July 31, 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
Moffett James R CB,DIR FMc Cop & Gold FCX B $28,529,582
Von Allmen D BO Liquid LIQD JB* $15,498,900
Lasry Marc BO Yrc Worldwide YRCW B $3,615,264
Kum Chong Guk PR,CEO,DIR Hanmi Financial HAFC B $254,928
Hough Benjamin PR,COO,DIR Hatteras Financial HTS B $244,200
Baggett David C DIR Marlin Midstream FISH B $240,000
Gregg Gary R DIR Aspen Insurance AHL B $199,204
Lee Joon Hyung DIR Hanmi Financial HAFC B $169,782
Sewell Michael J CFO,VP,TR Cincinnati Financial CINF B $147,090
Roth Ronald G CB,DIR Clearfield CLFD B $109,292

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Boise Cascade DIR,BO Boise Cascade BCC JS* $258,795,008
Grayken John P BO Del Friscos Rest DFRG JS* $121,125,000
James Hamilton E PR,COO,DIR Blackstone BX S $34,218,764
Brown Williamson BO Reynolds Amer RAI S $5,270,743
Keywell Bradley A DIR Groupon GRPN AS $4,467,500
Price Michael D PR,CEO,DIR Platinum Under PTP S $2,992,463
Stern Marc I DIR Qualcomm QCOM S $2,587,814
Dobkin Robert C VP,CTO Linear Technology LLTC S $2,012,340
Wathen David M PR,CEO,DIR Trimas TRS S $1,856,834
Hagedorn Part BO Scotts Miracle Gro SMG S $1,762,859

Source: | Key to Insider Title and Trans Type Codes