Daily Insider Ratings Round Up 8/31/18

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Includes: AMR, INFU, LGCY, MGY, MIC, QRTEA, RNET, SLCT
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on 8/31/18, 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.

InsiderInsights' Daily Round Up articles rate the "significance" of the top 10 dollar value insider purchases and sales filed at the SEC on the Title date. Dollar value is only the most basic metric to assess the significance of an insider transaction, however, and there are many more "Significant" insider trades with lower dollar values every day in our comprehensive Daily Insider Ratings Reports, which also reach clients before the market opens each morning. In contrast, these free Round-Up articles are delayed.

We employ over a million lines of code programming our decades of experience analyzing insider transactions to harvest, analyze, and profitably rate insider transactions in real time. When a new insider transaction occurs, our programs mathematically score the significance of the company's 3-month insider profile based on numerous criteria.

Stocks that achieve an InsiderInsights Company Rating of "Significant" and "Nearly Significant" have been independently validated to generate alpha as a group.

The intention of our Round Up articles is to both separate real insider investment intelligence from time-wasting noise and to educate investors that - though insider transactions are indeed an excellent source of investment intelligence - it takes much more analysis than screening by dollar values to make money from insider data.

Seasonal Note: We're entering another particularly fertile period for using insider data in your investment process, as companies open trading windows to their insiders again after earnings are released. The volume of Form 4s is already increasing, will ramp up throughout August, and stay strong until the end of September.

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On Today's Tables:

Insider trades were rated Significant at:

  • Select Bancorp (SLCT);
  • RigNet (RNET);
  • Macquarie Infrastructure (MIC);
  • Magnolia Oil & Gas (MGY), and;
  • Legacy Reserves (LGCY).

Insider trades were rated Nearly Significant at:

  • Qurate Retail (QRTEA);
  • InfuSystem (INFU), and;
  • Alta Mesa Resources (AMR).

Insider trades were considered Insignificant at:

  • Alliance California Municipal Income Fund (AKP);
  • Whitehorse Finance (WHF);
  • Ubiquiti Networks (UBNT);
  • Twitter (TWTR);
  • Square (SQ);
  • Glaukos (GKOS);
  • Facebook (FB), and;
  • Alteryx (AYX).

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

  • ViewRay (VRAY), and;
  • Lilly Eli (LLY).

There is an IPO or Known Corporate Action at:

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


Don't agree with our Rating? Click the Company Name links in the tables below to analyze a company's or insider's full insider history yourself and reach your own conclusions!


Insider Purchases

#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Fosun Intl

BO

ViewRay

VRAY

JB*

$24,999,994

2

George Michael A

CEO, DIR

Qurate Retail

QRTEA

B

$4,499,645

3

Bayou City Energy Mgt

DIR, BO

Alta Mesa Resources

AMR

B

$2,065,360

4

Kkr Fund

BO

RigNet

RNET

B

$672,054

5

Baines Creek Capital

BO

Legacy Reserves

LGCY

B

$604,132

6

Wilfong Seth

DIR

Select Bancorp

SLCT

JB*

$264,000

7

Bulldog Investors

BO

Alliance California Municipal Income Fund

AKP

B

$256,765

8

Acosta Arcilia

DIR

Magnolia Oil & Gas

MGY

B

$249,577

9

Shuda Scott

DIR, BO

InfuSystem

INFU

B

$228,825

10

Frost Christopher

CEO

Macquarie Infrastructure

MIC

B

$200,813

Insider Sales

#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Kliman Gilbert H

DIR

Glaukos

GKOS

S

$30,359,946

2

Williams Evan Clark

DIR

Twitter

TWTR

AS

$24,185,045

3

Lilly Endowment

BO

Lilly Eli

LLY

S

$20,030,370

4

Insight Group

BO

Alteryx

AYX

S

$15,373,273

5

Tamer Anthony

BO

Whitehorse Finance

WHF

JS*

$13,499,993

6

Fischer David B

VP, SO

Facebook

FB

AS

$10,766,947

7

Sandberg Sheryl

COO, DIR

Facebook

FB

AS

$9,661,793

8

Foster Paul L

DIR

Andeavor

ANDV

AS

$9,101,147

9

Moore Benjamin

VP, BD

Ubiquiti Networks

UBNT

S

$8,791,000

10

Dorsey Jack

CEO, CB, BO

Square

SQ

AS

$8,639,189

Source: InsiderInsights.com | 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. 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.

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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.