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Top Insider Trades 3/20/14: HRG, AGCO, DXLG, LOV

|Includes:AGCO, DXLG, HRG Group, Inc. (HRG), LOV
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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, March 20, 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
Leucadia National BO Harbinger HRG JB* $253,000,000
Srinivasan Mallika DIR AGCO AGCO AB $8,081,449
Mesdag Willem DIR,BO Destination Xl DXLG B $5,976,941
Tannenbaum L M CEO,DIR Fifth St Sr FR FSFR B $1,230,890
Pioneer Group BO Caprock Oil STTH JB* $1,009,500
402 Capital BO Spark Networks LOV B $556,746
Lazarus Inv BO Barfresh Food BRFH JB* $500,000
Axon Thomas J CB,PR,BO Franklin Credit FCRM JB* $200,000
Hackett Patrick T DIR Nuance Comms NUAN B $186,803
Matiuk Greg DIR Swift Energy SFY B $150,584
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Bain Capital BO Quintiles Trans Q JS* $180,078,256
Gores Group DIR,BO Stock Bldg Supply STCK JS* $113,094,864
Ross Wilbur L Jr DIR Assured Guaranty AGO JS* $101,720,000
Delek Hungary BO Delek Us DK JS* $90,990,000
Wexford Capital BO Diamondback Energy FANG S $21,699,498
Sandberg Sheryl COO,DIR Facebook FB AS $19,110,528
Doerr L John DIR Google GOOG AS $10,000,027
Bhusri Aneel CEO,CB,BO Workday WDAY AS $6,399,469
Chabraja Nicholas DIR General Dynamics GD S $5,470,500
Tornier Alain DIR Tornier TRNX S $4,664,480
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes