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Top Insider Trades 4/2/14: MVC, CEP, RVM, PMCT

|Includes:MVC Capital (MVC), PMCT, RVM, SPP

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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, April 2, 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
Sanchez Energy DIR,BO Constellation Energy CEP JB* $1,818,814
Glaxosmithkline BO Applied Genetic AGTC JB* $1,245,144
Aguggia Paul M CB,CEO,DIR Clifton Bancorp CSBK JB* $650,000
Ibs Capital BO Applied Minerals AMNL B $543,030
Knapp Robert C DIR MVC Capital MVC B $338,500
Stewart John C Jr DIR Poage Bankshares PBSK JB*,B $301,513
Adzima Stephen DIR Clifton Bancorp CSBK JB* $260,000
Lindsey Timothy R DIR Revett Mining RVM JB* $249,999
Ressler Richard S DIR,BO Pmc Comml Tr Tx PMCT AB $242,424
Sabby Mgt BO Celsus Therapeutics CLTX B $175,534
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Emergence Capital II DIR,BO Veeva Systems VEEV JS* $140,759,104
Bellaria Holding BO King Digital Ent KING JS* $71,423,272
Horowitz Russell C CEO,DIR,BO Marchex MCHX JS* $26,311,027
Luczo Stephen J CB,CEO Seagate Tech STX AS $5,700,000
Rose Stuart A CEO,DIR,BO Rex American REX S $5,130,000
Grinberg Efraim CB,CEO,BO Movado MOV AS $3,429,000
Cole Martin I CEO,TO Accenture ACN AS $2,643,437
Shepherd Carl DIR Homeaway AWAY AS $2,309,122
Whalen James W CB,CEO Targa Resources TRGP AS $2,300,000
Hudson J Clifford CEO,DIR Sonic SONC S $2,264,000
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes