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Top Insider Trades 1/7/14: AYR, IVH, PTGI, REED

|Includes:Aircastle Limited (AYR), IVH, PTGI, REED

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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, January 7, 2014 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
Blue Eagle BO Innotrac INOC JB* $108,612,608
Marubeni DIR,BO Aircastle AYR B $560,361
Ipmd Gmbh BO Uluru ULUR JB* $500,000
Sundeen John CAO,VP Ivy Hi Inc Op Fd IVH JB* $363,360
Foucaut Thierry R COO Reeds REED B $92,873
Pickup Todd M BO Impac Mortgage IMH B $70,979
Bkf Capital BO Qualstar QBAK B $51,172
Frost Phillip Md CEO,CB,BO Opko Health OPK B $41,800
Leon Guerrero E BO Bankguam Holding BKGM JB* $38,718
Bronson Steven N CEO,DIR,BO Bkf Capital BKFG JB* $28,501

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Brin Sergey F,DIR,BO Google GOOG AS $94,497,664
Singer Karen BO Ptgi Holding PTGI JS* $7,300,552
Kramer Shlomo CEO,DIR,BO Imperva IMPV AS $1,999,601
Marxe & Greenhse BO Adept Tech ADEP S $1,683,010
Larose Jeffrey O Heartware Intl HTWR AS $1,534,200
Daniel V Tierney Tr BO KCG KCG AS $1,458,425
Aldrich Kenneth C DIR Green Dot GDOT AS $999,945
O Shea Paul J VP,DIR Enstar ESGR AS $849,039
Packer Nicholas A VP Enstar ESGR AS $833,624
Harrison Seth L DIR Heartware Intl HTWR AS $785,285

Source: | Key to Insider Title and Trans Type Codes