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Top Insider Trades 4/10/14: NAV, GDOT, PCI, GHY

|Includes:GDOT, GHY, Navistar International Corporation (NAV), PCI

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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, April 10, 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
Rachesky Mark DIR,BO Navistar Intl NAV B $30,206,736
Gross William H O Pimco DC Inc Fd PCI B $2,300,790
Gross William H O Pimco Dyn Inc Fd PDI B $1,045,883
Marubeni DIR,BO Aircastle AYR B $564,588
Sullivan James J VP Pru Gl SD Hi Yld Fd GHY B $498,378
Sullivan James J VP Pru SD Hi Yld Fd ISD B $496,246
Meyer William J DIR Old Second Bancorp OSBC JB* $199,998
Goldberg David VP Am Homes 4 Rent AMH JB* $47,960
Lazarus Inv BO Silver Bull Resources SVBL B $26,683
Schaevitz Gary DIR Kingsway Finl KFS B $26,125
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Noll Richard A CEO,DIR Hanesbrands HBI AS $2,182,583
Lamach Michael CB,CEO,DIR Ingersoll Rand IR AS $1,041,209
Greenleaf Timothy R DIR Green Dot GDOT AS $1,005,500
Branagan Ian D VP Renaissancere Hldgs RNR AS $990,000
De Vries Glen M PR,DIR Medidata MDSO AS $954,276
Sordello Steven J VP,CFO Linkedin LNKD AS $869,859
Miller Scott Jeffery VP,BD,SO Franklin Covey FC S $658,500
Moon Shawn D VP Franklin Covey FC S $642,633
Cozadd Bruce C CB,CEO Jazz Pharm JAZZ AS $615,900
Davis Clifton Todd VP,HR Franklin Covey FC S $512,182
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes