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Top Insider Trades 1/17/14: MVC, SYRG, RHP, ACSF

|Includes:ACSF, MVC Capital (MVC), RHP, SYRG

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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 Friday, January 17, 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
Pelletier Mark PR,CIO Am Cap Sr Floating ACSF JB* $495,000
Knapp Robert C DIR MVC Capital MVC B $494,583
Seward George L DIR Synergy Resources SYRG B $299,661
Reed Colin V CB,CEO,DIR Ryman Hospitality RHP B $235,673
Axon Thomas J CB,PR,BO Franklin Credit FCRM JB* $200,000
Cook Guy S BO Bacterin Intl BONE B $102,816
Michael Cerullo VP Am Cap Sr Floating ACSF JB* $101,250
Dratch Dana VP Am Cap Sr Floating ACSF JB* $75,000
Eberwein Jeffrey CB,PR,DIR Spatializer Audio SPZR JB* $50,000
Eberwein Jeffrey PR,DIR Reliability RLBY JB* $50,000

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Page Lawrence CEO,DIR,BO Google GOOG AS $38,390,244
Feld Peter A DIR Integrated Device IDTI S $14,406,700
Third Rock Vent BO Bluebird Bio BLUE S $6,884,500
Batra Rajiv VP Palo Alto Net PANW AS $6,257,990
Singh Rajeev COO,PR,DIR Concur Tech CNQR AS $4,800,520
Emmett Dan A CB,DIR Douglas Emmett DEI AS $3,443,978
Ebersman David CFO Facebook FB S $3,263,279
Dolby Dagmar BO Dolby Labs DLB AS $2,883,019
Schroepfer Michael CTO Facebook FB S $2,242,071
Jacobson Mitchell DIR,BO MSC Industrial MSM S $2,210,650

Source: | Key to Insider Title and Trans Type Codes