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Top Insider Trades 3/24/14: HMTV, NSH, MVC, PFSW

|Includes:Hemisphere Media Group, Inc (HMTV), MVC, NSH, PFSW

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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 Monday, March 24, 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 Hemisphere Media HMTV B $4,116,909
Greehey William DIR,BO Nustar Gp NSH B $1,001,329
Knapp Robert C DIR MVC Capital MVC B $512,402
Transcosmos BO Pfsweb PFSW B $321,802
Frost Phillip Md CEO,CB,BO Opko Health OPK B $291,269
Singleton Dennis DIR Digital Realty Trust DLR B $249,858
Withers Dean W PR,DIR F & M Bank FMBM JB* $247,500
Crampton Chris O Mrc Global MRC JB* $206,653
Pugh Michael W DIR F & M Bank FMBM JB* $148,500
Parker Geoffrey M VP,CFO Anacor Pharm ANAC B $100,533

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Senate Ltd Tr BO Sonus Networks SONS JS* $144,690,560
Arison Micky Meir CB,DIR,BO Carnival CCL AS $27,201,764
Relational Invest BO Spx SPW S $18,024,170
Ma 1994 B Shares O Carnival CCL AS $15,790,053
Franklin Resources BO Dynegy DYN S $7,028,265
McCabe Molly E BO Scripps Networks SNI S $5,312,875
Tagliaferri Megan BO Scripps Networks SNI S $5,312,797
Emmett Dan A CB,DIR Douglas Emmett DEI AS $3,772,216
Fulgoni Gian CB,DIR Comscore SCOR AS $3,148,162
Ip Fibre Devices BO Ipg Photonics IPGP AS $3,060,934

Source: | Key to Insider Title and Trans Type Codes