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Top Insider Trades 4/9/14: AYR, SEAS, PPT, OSBC

|Includes:Aircastle Limited (AYR), OSBC, PPT, SEAS

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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 9, 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
Marubeni DIR,BO Aircastle AYR B $565,800
Kohli D William O Putnam Pr Inc Tr PPT B $413,250
Chambers Charles F CEO,DIR Escalera Resources DBLE JB* $349,999
Bonifas Edward DIR Old Second Bancorp OSBC JB* $299,996
Cim Svc Provider BO Pmc Comml Tr Tx PMCT AB $292,041
Palmer Gerald DIR Old Second Bancorp OSBC JB* $199,998
Semb George DIR Elecsys ESYS B $143,690
Anson Kent CEO Premier Alliance PIMO B $133,556
Newberry Gary VP,OO Callon Petroleum CPE B $121,313
Schneider William O Nuveen FR Inc Fd JRO B $103,080

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Blackstone BO Seaworld Ent SEAS JS* $548,625,008
Anchorage Advisors BO Cent Pacific Finl CPF JS* $28,099,998
Broadwood Part DIR Questcor Pharm QCOR AS $17,212,088
Dailly Paul A VP Kosmos Energy KOS AS $2,224,294
Sherman John J DIR,BO Crestwood Midstream CMLP AS $2,073,102
Citron Jeffrey A DIR,BO Vonage VG AS $2,049,590
Zuk Nir CTO,DIR Palo Alto Net PANW AS $1,827,749
Barber Paul V DIR Servicenow NOW AS $1,425,122
Schroepfer Michael CTO Facebook FB AS $1,396,750
Styer Paul A VP,SEC Copart CPRT S $920,095

Source: | Key to Insider Title and Trans Type Codes