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Top Insider Trades 2/19/14: NHF, LOV, PCI, HLSS

Daily Top Insider Trades Instablog

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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 Wednesday, February 19, 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
Care Capital Iii DIR,BO Nephrogenex NRX JB* $9,480,000
Dondero James D O Nexpoint Cr St Fd NHF JB* $1,284,678
Marubeni DIR,BO Aircastle AYR B $551,811
402 Capital BO Spark Networks LOV B $505,047
Murata Alfred T O Pimco DC Inc Fd PCI B $364,181
Studenmund J M DIR Pinnacle Ent PNK B $231,600
Keisling James G DIR Peoples Financial PFIS B $196,365
Frost Phillip Md CEO,CB,BO Opko Health OPK B $181,489
Van Vlack JP PR,DIR Home Loan Svc HLSS B $171,174
Sabin Gary B CB,CEO Excel Trust EXL B $124,289
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Gates William DIR Microsoft MSFT AS $422,568,192
Hoffman Reid DIR,BO Linkedin LNKD AS $15,766,486
Artiman Ventures BO Invensense INVN S $12,041,086
Doerr L John DIR Google GOOG AS $9,997,883
Bunch Charles E CB,CEO Ppg Industries PPG JS* $9,674,942
Fischer David B VP,SO,PT Facebook FB S $4,053,862
Ebersman David CFO Facebook FB S $3,925,336
Nelson Zachary CEO,DIR Netsuite N AS $3,898,288
Goldberg Evan CTO,CB,DIR Netsuite N AS $3,584,943
Knott David M DIR Ligand Pharm LGND S $3,172,100
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes