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Top Insider Trades 7/8/13: AGCO, BBEP, LEI, ARIS

|Includes: AGCO Corporation (AGCO), BBEPQ, CEI

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Monday, July 8, 2013 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Insider Purchases
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Srinivasan Mallika DIR AGCO AGCO AB $414,834
Wynnefld SmCap Val BO Ari Network Svs ARIS B $290,000
Brown J McCauley BO Brown Forman BFB JB* $249,365
Brown Gregory C VP,GC Breitburn Energy BBEP B $241,120
Jackson James G CFO,VP Breitburn Energy BBEP B $152,500
Frost Phillip Md CEO,CB,BO Opko Health OPK B $108,278
Schnur Anthony C CEO,PR Lucas Energy LEI B $53,020
Ainsworth Anne M PR,CEO,DIR Oiltanking Partners OILT AB $50,750
Eberwein Jeffrey E DIR Digirad DRAD AB $36,686
Selser John M DIR Gastar Exploration GST B $29,000

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Page Lawrence CEO,DIR,BO Google GOOG AS $18,819,538
Grant Hugh CB,CEO,DIR Monsanto MON AS $3,909,752
Chang Peter C CB,PR,CEO Alliance Fiber Optic AFOP AS $3,026,718
Usrg Holdco V BO Ren Energy REGI AS $1,469,405
Borel Daniel DIR Logitech Intl Sa LOGI AS $1,380,000
Jaeger Wilfred E DIR Threshold Pharm THLD S $1,213,671
Scarborough Dean CB,PR,CEO Avery Dennison AVY AS $1,038,285
Millard Robert B O Gulfmark Offshore GLF S $924,300
Stryker Ronda E DIR Stryker SYK AS $916,126
Berman Steven L CEO,DIR,BO Dorman Products DORM AS $843,021

Source: | Key to Insider Title and Trans Type Codes