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Top Insider Trades 12/2/13: WHLR, MACK, MATR, HNR

|Includes:HNR, MACK, MATR, Wheeler Real Estate Investment Trust (WHLR)

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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, December 2, 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
Wheeler Jon S CB,CEO Wheeler Reit WHLR JB* $1,449,000
Crocker Gary L DIR Merrimack Pharm MACK B $769,536
Investor Gr Cap BO Mattersight MATR JB* $599,999
Marubeni DIR,BO Aircastle AYR B $561,945
Chesebro Stephen DIR Harvest Nat Res HNR JB* $315,000
Porter Michael E DIR Merrimack Pharm MACK B $270,185
Becker David B CEO,CB,DIR First Internet Banc INBK JB* $200,000
Roth Ronald G CB,DIR Clearfield CLFD B $176,050
Marx Moses DIR,BO Berkshire Bancorp BERK B $175,298
Johnsrud Mark D CEO,VCB Nuverra Environ NES B $169,500
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Quadrangle Gp Inv BO Ntelos NTLS JS* $31,440,000
Hi Crush Proppants BO Hi Crush Part HCLP JS* $21,422,898
Evans J Michael VCB Goldman Sachs GS JS* $11,352,737
Smith Thomas W BO Vistaprint VPRT S $9,848,954
Hicks Thomas O DIR Carpenter Tech CRS S $6,729,005
Keywell Bradley DIR Groupon GRPN AS $4,547,500
Wilkinson George PR Actavis ACT S $3,995,805
Meyrowitz Carol CEO,DIR TJX Companies TJX S $3,793,116
Harris Joshua MD,DIR,BO Apollo Global APO AS $3,139,608
Mollenkopf Steven PR,COO Qualcomm QCOM AS $2,238,958
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes