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Top Insider Trades 1/9/14: ARCP, PANW, AYR, OPK

|Includes:AYR, OPK, PANW, VEREIT Inc. (VER)

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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 Thursday, January 9, 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
Marubeni DIR,BO Aircastle AYR B $554,787
Schorsch Nicholas CB,CEO Amer Rlty Cap ARCP JB* $299,228
Kay David S PR Amer Rlty Cap ARCP JB* $152,567
Budko Peter M VP,FO Amer Rlty Cap ARCP JB* $101,803
Block Brian S TR,CFO Amer Rlty Cap ARCP JB* $101,683
Kahane William M DIR Amer Rlty Cap ARCP JB* $99,649
Goldstein Mark DIR Pall PLL B $84,000
Frost Phillip Md CEO,CB,BO Opko Health OPK B $62,824
Kelley Thomas J DIR Washington Federal WAFD B $43,267
Reynolds Glenn P DIR National Bankshares NKSH B $11,130

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Oaktree Capital BO Masonite Intl DOOR S $23,096,436
Sandridge Energy BO Sandridge Permian Tr PER JS* $22,119,000
Ortenzio Robert A CB,F,DIR Select Medical SEM AS $17,524,564
Sandberg Sheryl COO,DIR Facebook FB AS $16,401,096
Young William DIR Biogen Idec BIIB AS $4,276,590
Chandna Asheem DIR Palo Alto Net PANW AS $4,204,501
Angle Colin M CEO,DIR Irobot IRBT AS $3,999,682
Rose Stuart A CEO,DIR,BO Rex American REX S $3,093,750
Dolby Dagmar BO Dolby Labs DLB AS $2,826,755
Daniel V Tierney Tr BO KCG KCG AS $2,259,236

Source: | Key to Insider Title and Trans Type Codes