Daily Round Up 4/8/16: CWEI, ERC, DSU, RVUE

by: InsiderInsights


Tables of the top insider purchases and sales filed with the SEC on 4/8/16, based on dollar value.

Dollar values often do not equate with significance when it comes to insider trades.

Proprietary Insider Company Ratings are relayed to clarify significance.

Dollar value is only one metric to assess the significance of an insider transaction, but when high dollar value intersects with significance it spotlights a stock investors should take the time to consider. InsiderInsights Daily Round Up articles are intended as initial research tools, so investors can separate real insider investment intelligence from time-wasting noise.

Click the Company Name links in the tables below to analyze a company's or insider's full insider history.

Educational note from InsiderInsights:
Insider filing volumes are at a seasonal low point due to companies closing trading windows to their insiders until quarterly earnings are released. As a result, the dollar values of trades featured in our Daily round Up articles (particularly the purchases) will likely be lower than usual until early May.

On Today's Tables:

Insider trades were rated Significant at:

  • Clayton Williams Energy (NYSE:CWEI);
  • Wells Fargo Multi Sector Income Fund (NYSEMKT:ERC);
  • BlackRock Debt Strategies Fund (NYSE:DSU), and;

Insider trades were rated Nearly Significant at:

  • aTyr Pharma (NASDAQ:LIFE);
  • Summit Midstream (NYSE:SMLP);
  • Moog (NYSE:MOG.A);
  • Franklin Ltd Duration Income Trust (NYSEMKT:FTF);
  • (NYSE:CRM), and;
  • Del Taco Restaurants (NASDAQ:TACO).

Insider trades were considered Insignificant at:

  • MTS Systems (NASDAQ:MTSC);
  • Six Flags Ent (NYSE:SIX);
  • Dave & Buster's Entertainment (NASDAQ:PLAY);
  • Palo Alto Net (NYSE:PANW);
  • NovaGold Resources (NYSEMKT:NG);
  • Neurocrine Biosciences (NASDAQ:NBIX);
  • Emergent Bio (NYSE:EBS), and;
  • Capella Education (NASDAQ:CPLA).

There is a Conflicted Insider Signal (both purchases & sales) at:

  • National Security (NASDAQ:NSEC).

There is an IPO or Known Corporate Action at:

  • Ruckus Wireless (NYSE:RKUS).

It's difficult to argue significance for most transactions made during IPOs, or when insiders make trades during a known corporate action.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
1 Energy Capital II DIR,BO Summit Midstream SMLP AB $958,183
2 Clark Fred Jr DIR National Security NSEC JB* $459,000
3 Kayser Kraig H DIR Moog MOGA JB* $389,724
4 Acorn Composite BO RVUE RVUE JB* $333,913
5 Saba Capital Mgt BO Wells Fargo Multi Sector Income Fund ERC B $190,889
6 Saba Capital Mgt BO Blackrock Debt Strategies Fund DSU B $171,000
7 Schimmel Paul DIR Atyr Pharma LIFE B $127,584
8 Yu Chun Hung DIR Mts Systems MTSC B $104,000
9 Lyon Robert C VP,SO Clayton Williams Energy CWEI B $98,329
10 Saba Capital Mgt BO Franklin Ltd Duration Income Trust FTF B $94,708

Source: | Key to Insider Title and Trans Type Codes :
B =Open-market Buy; AB=10b5-1 (automatic) Buy; JB*=Buy indicated as being open-market, but not confirmed by trading price range and volume for the session.

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
1 Ohcp Mgp Iii BO Dave & Busters Entertainment PLAY JS* $132,160,000
2 Pleasant Lake Part BO Del Taco Restaurants TACO S $14,297,000
3 Paulson & Co BO Novagold Resources NG S $13,875,624
4 Reid Anderson J CB,DIR Six Flags Ent SIX AS $5,764,887
5 Goetz James J DIR Palo Alto Net PANW S $3,715,371
6 Shank Stephen G DIR Capella Education CPLA AS $2,529,884
7 El Hibri Fuad CB,DIR,BO Emergent Bio EBS AS $1,950,000
8 Benioff Marc CB,CEO Salesforce Com CRM AS $1,875,023
9 Lo Selina Y CEO,DIR Ruckus Wireless RKUS AS $1,130,596
10 Obrien Christopher Flint O Neurocrine Biosciences NBIX AS $1,125,000 | Key to Insider Title and Trans Type Codes :
S =Open-market Sale; AS=10b5-1 (automatic) Sale; JS*=Sale indicated as being open-market, but not confirmed by trading price range and volume for the session.

Did you miss our Previous Daily Round Up?

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.