Daily Round Up 7/21/16: JGV, SUM

by: InsiderInsights

Tables of the top insider purchases and sales filed with the SEC on 7/21/16, 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 August.

On Today's Tables:

Insider trades were rated Significant at :

  • Nuveen Global Equity Income Fund (NYSE:JGV).

Insider trades were rated Nearly Significant at:

  • Summit Materials (NYSE:SUM).

Insider trades were considered Insignificant at:

  • B Riley Financial (NASDAQ:RILY);
  • Aftermaster (OTCQB:AFTM);
  • Determine (OTC:DTRM);
  • Alcoa (NYSE:AA);
  • Veeva Systems (NYSE:VEEV);
  • Servicenow (NYSE:NOW);
  • Mastercard (NYSE:MA);
  • Lennox Intl (NYSE:LII);
  • Kansas City Southern (NYSE:KSU), and;
  • Enable Midstream (NYSE:ENBL).

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

  • Tiptree Financial (NASDAQ:TIPT);
  • Eagle Cap Gr Fd (NYSEMKT:GRF);
  • Limbach (TFSCU);
  • Mattress Firm (NASDAQ:MFRM);
  • Hudson Pacific (NYSE:HPP), and;
  • Famous Daves (NASDAQ:DAVE).

There is an IPO or Known Corporate Action at:

  • Ihs Markit (NYSE:INFO).

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 1347 Investors BO Limbach TFSCU JB* $13,333,140
2 40 North Latitude Fund BO Mattress Firm MFRM B $2,399,419
3 Asher Daniel BO B Riley Financial RILY B $1,362,270
4 Bandera Partners BO Famous Daves DAVE B $683,740
5 Bulldog Investors BO Nuveen Global Equity Income Fund JGV B $417,958
6 Perrotti Frank Jr BO Aftermaster AFTM JB* $143,624
7 Schmidt Ulrich DIR Alcoa AA B $52,000
8 Miller Lloyd I Iii BO Determine DTRM JB* $43,500
9 Sims David C CFO,CCO Eagle Cap Gr Fd GRF B $35,160
10 Barnes Michael Gene CB,BO Tiptree Financial TIPT AB $23,603

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 Blackstone II BO Summit Materials SUM JS* $252,374,576
2 Ford William E DIR Ihs Markit INFO S,JS* $249,909,032
3 Fried Richard B DIR Hudson Pacific HPP JS* $24,396,290
4 Luddy Frederic B DIR Servicenow NOW AS $10,679,285
5 Mastercard Fdn BO Mastercard MA S $7,781,547
6 Hill Thomas W CEO,DIR Summit Materials SUM JS*,AS $3,807,169
7 Wallach Matthew J PR Veeva Systems VEEV AS $3,051,317
8 Wochner William J VP,LO Kansas City Southern KSU S $2,607,457
9 Arclight Capital BO Enable Midstream ENBL S $1,820,774
10 Reitmeier Joseph William VP,CFO Lennox Intl LII S $1,614,975 | 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 microcap stocks. Please be aware of the risks associated with these stocks.