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Top Insider Sales: Aug, 8, 2012 (BKCC, VRTU, MXIM, BNHN, MOLX, WSCI, BPL, SCHW, GPN, CSCD) 1 comment
Contextuall analysts have collected the latest insider sales data from the SEC website, and the results are posted here.
There may be many legitimate reasons for an insider sale, but if these sales occur frequently, a flag should be raised.
Here is a list of the top insider sales reported to the SEC on 8/8/2012.
Click on any of the links below to find out more (all links will open in a new tab).
Click here to find more data on insider buying and selling
1. BlackRock Kelso Capital Corporation (BKCC): Total value of insider selling reported at $334,662
Insiders Involved:
Virginia Retirement System (10% Owner)
View SEC Filing
Google Virginia Retirement System
Description: BlackRock Kelso Capital Corporation is a private equity firm specializing in investments in middle market companies. (Click here for BlackRock Kelso Capital Corporation website)
2. Virtusa Corp. (VRTU): Total value of insider selling reported at $158,388
Insiders Involved:
Kris Canekeratne (Chairman & CEO)
View SEC Filing
Google Kris Canekeratne
Description: Provides information technology (IT) consulting, technology implementation, and application outsourcing services in North America, Europe, the Middle East, India, and Sri Lanka. (Click here for Virtusa Corp. website)
3. Maxim Integrated Products Inc. (MXIM): Total value of insider selling reported at $130,038
Insiders Involved:
Tunc Doluca (PRESIDENT, CEO & DIRECTOR)
View SEC Filing
Google Tunc Doluca
Matthew Murphy (SENIOR VP)
View SEC Filing
Google Matthew Murphy
Description: Designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits worldwide. (Click here for Maxim Integrated Products Inc. website)
4. Benihana Inc. (BNHN): Total value of insider selling reported at $101,219
Insiders Involved:
Corp Financial Bfc (Director)
View SEC Filing
Google Corp Financial Bfc
Description: Operates Benihana teppanyaki-style Japanese restaurants. (Click here for Benihana Inc. website)
5. Molex Inc. (MOLX): Total value of insider selling reported at $88,000
Insiders Involved:
Ana Rodriguez (Sr. V.P., Human Resources)
View SEC Filing
Google Ana Rodriguez
Description: Molex Incorporated manufactures and sells electronic components worldwide. (Click here for Molex Inc. website)
6. WSCI (WSCI): Total value of insider selling reported at $73,100
Insiders Involved:
Michael Pudil (Director)
View SEC Filing
Google Michael Pudil
7. Buckeye Partners LP (BPL): Total value of insider selling reported at $73,043
Insiders Involved:
Khalid Muslih (SVP, Corp. Dev. & Strgc. Plng.)
View SEC Filing
Google Khalid Muslih
Description: Operates refined petroleum products pipeline systems in the United States. (Click here for Buckeye Partners LP website)
8. The Charles Schwab Corporation (SCHW): Total value of insider selling reported at $68,758
Insiders Involved:
Joseph Martinetto (EVP and CFO)
View SEC Filing
Google Joseph Martinetto
Description: Provides securities brokerage, banking, and related financial services to individuals and institutional clients. (Click here for The Charles Schwab Corporation website)
9. Global Payments Inc. (GPN): Total value of insider selling reported at $66,618
Insiders Involved:
Gerald Wilkins (Director)
View SEC Filing
Google Gerald Wilkins
Description: Provides electronic transaction processing services for merchants, independent sales organizations (ISO), financial institutions, government agencies, and multi-national corporations located in the United States, Canada, Europe, and the Asia-Pacific region. (Click here for Global Payments Inc. website)
10. Cascade Microtech Inc. (CSCD): Total value of insider selling reported at $49,500
Insiders Involved:
Reed Gleason (VP of Advanced Technology)
View SEC Filing
Google Reed Gleason
Description: Designs, develops, manufactures, and markets wafer probing and test socket solutions for the electrical measurement and testing of high performance chips. (Click here for Cascade Microtech Inc. website)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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This post has 1 comment:
"JACOBSON MITCHELL sold 24,360 Class A Common Stock @ $108.12 per share. JACOBSON MITCHELL is a director at LINKEDIN CORP (LNKD). This transaction represents a 48.72% change in their holdings.
Warning! 10b5-1(c) Transaction!The InsiderTrades.org automated analysis system has identified that this is probably a trade that took place under a 10b5-1(c) plan. Trades performed as part of a 10b5-1(c) plan are a special type of insider trade that can be indicative of pending adverse news "
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