Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Top Insider Trades 4/8/14: BJRI, APOL, AMRC, AYR

|Includes:AMRC, APOL, AYR, BJ's Restaurants, Inc. (BJRI)

Daily Top Insider Trades Instablog

  • Did you know? You could have seen the trades below within hours of being filed. If you want more Top Trades emailed 4 times a day, sign up for our Free Intra-Day Top Trades Alerts.

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 Tuesday, April 8, 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
Essex Woodlands BO Corium Intl CORI JB* $3,200,000
Walsh Patrick O Bjs Restaurants BJRI B $2,912,694
Sakellaris George CEO,DIR,BO Ameresco AMRC AB $719,645
Marubeni DIR,BO Aircastle AYR B $561,000
Sabby Mgt BO Celsus Therapeutics CLTX B $382,520
Ottley Properties DIR,BO Ckx Lands CKX JB* $272,415
Frost Phillip Md CEO,CB,BO Opko Health OPK B $261,618
Saenger Leo Chris DIR 1347 Property Ins PIH JB* $100,000
Moore Richard H CEO,DIR First Bancorp Nc FBNC B $49,747
Poduska John W DIR EXA EXA B $20,333
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Sperling John G CB Apollo Education APOL S $17,049,758
Kellogg WK Fdn BO Kellogg K AS $9,683,280
Butler Eric L VP,SO Union Pacific UNP AS $3,786,997
Grinberg Efraim CB,CEO,BO Movado MOV AS $3,138,000
Franklin Resources BO Dynegy DYN S $2,550,000
Bodner Dan CEO,DIR Verint Systems VRNT S $1,290,608
Scott James Kevin VP,OO Linkedin LNKD AS $1,027,035
Vondeylen Jeffrey H PR,OO Centurylink CTL AS $671,200
Heimbouch Mark L CFO,DIR Vantiv VNTV AS $370,229
Sparkman J C DIR Liberty Global LBTYK S $354,150
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes