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Top Insider Trades 4/28/14: DAVE, UAL, GTI, JMP

|Includes:BAM, Famous Dave's of America, Inc. (DAVE), JMP, UAL

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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, April 28, 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
Pleasant Lake Part BO Famous Daves DAVE B $895,057
Smisek Jeffery A CB,CEO,DIR United Continental UAL B $792,380
George Whitney FO,DIR,BO Royce Focus Tr FUND JB* $402,461
Frost Phillip Md CEO,CB,BO Opko Health OPK B $291,118
Carson Randy W DIR Graftech Intl GTI B $269,486
Cranston Mary B DIR Graftech Intl GTI B $251,277
Jolson Joseph A CEO,DIR,BO JMP JMP B $221,915
Sloyer Elliot O Arotech ARTX B $178,380
Gardner Steven R CEO,DIR Pacific Prem Banc PPBI B $142,250
Harris Jerrold B DIR Blackrock CA Inc Tr BTZ B $81,680

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Onex Partners Gp BO Allison Trans ALSN JS* $372,249,984
Carlyle Mgt BO Allison Trans ALSN JS* $372,249,984
Schmidt Eric E CB,DIR Google GOOG AS $49,151,034
Borel Daniel DIR Logitech Intl Sa LOGI AS $2,774,000
Hemus Simon C PR,COO Tupperware Brands TUP S $2,535,672
Sherman John J DIR,BO Crestwood Midstr CMLP AS $2,032,197
Nictakis William J CCO Hanesbrands HBI AS $2,000,000
Chandna Asheem DIR Palo Alto Net PANW AS $1,759,115
Valentin Gapontsev Tr BO Ipg Photonics IPGP AS $1,377,800
Eli Field Discr Tr BO Diamond Resorts DRII S $1,362,741

Source: | Key to Insider Title and Trans Type Codes