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Top Insider Trades 7/18/13: TRNO, RH, SCHW, RWC

Jul. 19, 2013 9:19 AM ETTRNO, RH, SCHW, RWC
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Long/Short Equity, Insider Ownership, behavioral finance

Seeking Alpha Analyst Since 2012

Jonathan Moreland is the founder and Director of Research at InsiderInsights.com, which produces a Daily Ratings Report, Weekly Newsletter, and offers real-time insider data and analytics via its institutional strength Data Module and APIs. InsiderInsights' research and data are further available on Bloomberg terminals at ININ and APPS ININ . Mr. Moreland is also a past contributor to TheStreet.com, Minyanville, and other financial outlets. A fundamental analyst with an MBA in finance, Mr. Moreland identified insider data over 25 years ago as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis, and stock recommendations stemming from it. He is also author of "Profit From Legal Insider Trading" (Dearborn 2001). Mr. Moreland is currently on a mission to get investors to expect more from insider data than the commodity feeds they rely on retail financial websites.

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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 Thursday, July 18, 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 InsiderInsights.com, 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 support@insiderinsights.com 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
Ellis Stephen A DIR Schwab Charles SCHW B $250,162
Levenson Ryan BO Relm Wireless RWC B $199,233
Tannenbaum L M CEO,DIR Fifth St Sr FR FSFR B $143,500
Oreilly Thomas P O NB Hi Yld Str Fd NHS B $104,010
Pasquale Douglas DIR Terreno Realty TRNO JB* $97,638
Merlone Peter J DIR Terreno Realty TRNO JB* $91,250
Seidner Marc P O Pimco Cr Inc Fd PCI B $44,120
Jones Kevin J DIR Independent Bank INDB B $38,975
Lu Lucy CFO Coronado Bio CNDO B $35,906
Wynnefld SCp Val BO Ari Network Svs ARIS JB* $29,400

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans

Dollar Value

Home BO Restoration Hardware RH JS* $489,636,416
Steelhead Partners O Resolute Forest RFP S $5,614,643
Berger Harvey J CB,CEO,DIR Ariad Pharm ARIA AS $3,956,718
FMR BO Insmed INSM S $3,564,155
Dobkin Arkadiy CEO,PR,CB Epam Systems EPAM AS $3,115,266
Muse John R DIR Lin Tv TVL AS $1,645,946
Waldis Stephen CEO,CB,DIR Synchronoss Tech SNCR AS $1,627,700
Stryker Ronda E DIR Stryker SYK AS $1,452,298
Hicks Muse Eq Fd BO Lin Tv TVL AS $1,284,922
Morgenthaler Part BO Peregrine Semi PSMI AS $1,138,538

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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