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Top Insider Trades 5/7/14: PCI, PMF, MBRG, CHTR

|Includes:CHTR, MBRG, PIMCO Dynamic Credit Income Fund (PCI), PMF

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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, May 7, 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
Liberty Media BO Charter Comms CHTR B $124,473,864
Lorentzen Ole P BO Energy Recovery ERII JB* $5,209,100
Gross William H O Pimco DC Inc Fd PCI B $2,319,460
Sokol David L BO Middleburg Finl MBRG B $1,556,618
Pappajohn John DIR American Caresource ANCI JB* $1,150,000
Gross William H O Pimco Mu Inc Fd PMF B $1,147,048
Gross William H O Pimco Dyn Inc Fd PDI B $1,002,213
Gross William H O Pimco Ca Mu Inc PCQ B $556,120
Frost Phillip Md CEO,CB,BO Opko Health OPK B $279,407
Blackrock Kelso CA FO Blackrock Kelso BKCC B $253,300

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Gates William DIR Microsoft MSFT AS $183,196,576
J A P Investment BO Eplus PLUS JS* $54,582,060
Singleton Group BO Kemper KMPR S $17,613,632
Sandberg Sheryl COO,DIR Facebook FB AS $17,218,728
Polaris Venture Mgt BO Acceleron Pharma XLRN JS* $13,436,224
Lilly Endowment BO Lilly Eli LLY S $11,170,792
Bowen Bruce M DIR Eplus PLUS JS* $10,326,072
Norton Phillip G CEO,DIR,BO Eplus PLUS JS* $9,439,675
Bickham John VP,COO Charter Comms CHTR S $5,303,524
General Atlantic BO Net 1 UEPS UEPS S $4,961,934

Source: | Key to Insider Title and Trans Type Codes