Daily Round Up 7/22/16: DCA, SHAK, FAV, KFS

by: InsiderInsights


Tables of the top insider purchases and sales filed with the SEC on 7/22/16, 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:

  • Shake Shack (NYSE:SHAK);
  • Kingsway Finl (NYSE:KFS);
  • First Trust Dividend & Income Fund (NYSE:FAV), and;
  • Virtus Total Return Fund (NYSE:DCA).

Insider trades were rated Nearly Significant at:

  • Nymox Pharmaceutical (NASDAQ:NYMX), and;
  • Main Street Cap (NYSE:MAIN).

Insider trades were considered Insignificant at:

  • Provident Bancorp (NASDAQ:PVBC);
  • Lands' End (NASDAQ:LE);
  • Determine (NASDAQ:DTRM);
  • Calix (NYSE:CALX);
  • United Rentals (NYSE:URI);
  • Constellation Br (NYSE:STZ);
  • Hunt JB Trans (NASDAQ:JBHT);
  • Illinois Tool (NYSE:ITW);
  • AMN Healthcare Services (NYSE:AHS), and;
  • Almost Family (NASDAQ:AFAM).

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

  • Fiserv (NASDAQ:FISV).

There is an IPO or Known Corporate Action at:

  • IHS Markit (NASDAQ: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 Lampert Edward S BO Lands End LE B $455,744
2 Bulldog Investors BO First Trust Dividend & Income Fund FAV B $85,851
3 Bulldog Investors BO Virtus Total Return Fund DCA B $81,036
4 Full Value Special Situations Fund BO Virtus Total Return Fund DCA B $78,595
5 Withee Charles F PR,LO Provident Bancorp PVBC B $47,830
6 Robinson James George DIR Nymox Pharmaceutical NYMX B $33,300
7 Miller Lloyd I Iii BO Determine DTRM JB* $32,618
8 Russo Carl CEO,DIR,BO Calix CALX AB $23,381
9 Foster Vincent CB,CEO Main Street Cap MAIN JB* $21,520
10 Fitzgerald John Taylor Maloney VP,DIR Kingsway Finl KFS AB $19,873

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 Senvest Mgt BO CEVA CEVA S $4,559,685
2 Stead Jerre L CEO,CB,DIR Ihs Markit INFO S $2,566,800
3 Coraine Richard D BO Shake Shack SHAK S $2,374,480
4 North Tide Capital BO Almost Family AFAM S $2,281,383
5 Thompson James K CB,DIR Hunt JB Trans JBHT S $1,623,660
6 Larsen Michael M VP,CFO Illinois Tool ITW S $1,595,860
7 Kneeland Michael CEO,DIR United Rentals URI AS $1,527,040
8 Yabuki Jeffery W CEO,DIR Fiserv FISV AS $1,329,600
9 Salka Susan R CEO,DIR Amn Healthcare Services AHS AS $1,320,000
10 Hackett William F VP Constellation Br STZ S $1,317,398 | 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 am/we are long DCA.

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.

Additional disclosure: I am short SHAK.

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.

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