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Top Insider Trades 3/19/14: BJRI, TMNG, ULTA, ANF

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, March 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
Luxor Capital BO Bjs Restaurants BJRI B $15,845,198
Walsh Patrick O Bjs Restaurants BJRI B $3,124,249
Elutions BO Mgt Network TMNG JB* $2,000,000
Dillon Mary CEO,DIR Ulta Salon Cosmetics ULTA B $486,740
Perrin Charles R DIR Abercrombie & Fitch ANF B $394,970
Transcosmos BO Pfsweb PFSW B $368,466
Frost Phillip Md CEO,CB,BO Opko Health OPK B $203,978
Quagliano Michael BO Solera Natl Banc SLRK B $117,000
Klein Mark CEO,DIR National NHLD B $114,750
Greehey William DIR,BO Nustar Gp NSH B $104,817

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Summit Midstream DIR,BO Summit Midstream SMLP JS* $189,034,128
TPG Advisors Iii BO Quintiles Trans Q JS* $179,310,832
Apollo Investment BO Noranda Aluminum NOR JS* $23,422,636
Dreiling Richard W CB,CEO Dollar General DG S $18,718,018
Edens Wesley R DIR,BO Fortress Investment FIG S $6,632,373
Nardone Randal A CEO,DIR,BO Fortress Investment FIG S $5,788,800
Nusz Thomas B CB,CEO Oasis Petroleum OAS S $5,514,534
Peek Mark S CFO Workday WDAY AS $4,143,896
Finnegan Daniel J CFO Priceline Com PCLN AS $4,103,453
Niblock Robert A CB,CEO,DIR Lowes Companies LOW S $3,995,392

Source: | Key to Insider Title and Trans Type Codes