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Top Insider Trades 1/14/14: VICL, SBCF, RSE, DY

|Includes: DY, RSE, SBCF, Vical Incorporated (VICL)

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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 14, 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
Goldstein Robert DIR,BO Seacoast Banking SBCF JB* $4,999,999
Highland Capital O Nexpoint Cr St Fd NHF B $1,997,132
Samant Vijay B CEO,DIR Vical VICL B $468,600
Coe Charles B DIR Dycom Industries DY B $419,850
Silberfein Andrew CEO,DIR Rouse Properties RSE JB* $292,500
Honig Barry C DIR,BO Pershing Gold PGLC B $175,500
Bilinsky Igor VP Vical VICL B $127,800
Smith Lawrence VP Vical VICL B $127,800
Ramos Anthony CAO Vical VICL B $99,400
Schall Benjamin COO Rouse Properties RSE JB* $58,500

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Blackstone II BO Pbf Energy PBF JS* $204,375,008
Hoffman Reid DIR,BO Linkedin LNKD AS $18,072,370
Hamamoto David T CB,CEO Northstar Rlty Fin NRF AS $9,038,033
Weiner Jeff CEO,DIR Linkedin LNKD AS $8,023,758
Third Rock Ventures BO Bluebird Bio BLUE S $7,446,200
Lefkofsky Eric P CEO,DIR,BO Groupon GRPN AS $5,118,451
Damelio Frank A VP Pfizer PFE AS $4,932,043
Sperling John G CB Apollo Education APOL S $3,038,800
Arora Nikesh VP Google GOOG AS $2,875,000
Schear Mitchell N PR Vornado Rlty Tr VNO S $2,281,530

Source: | Key to Insider Title and Trans Type Codes