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Top Insider Trades 8/21/13: SBUX, NLY, HCOM, CHSP

|Includes: CHSP, HCOM, NLY, Starbucks Corporation (SBUX)

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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 Wednesday, August 21, 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
Hobson Mellody L DIR Starbucks SBUX B $9,995,719
Denahan Wellington CB,CEO,DIR Annaly Capital NLY B $1,993,631
Riggs Leonard M Jr DIR Envision Healthcare EVHC JB* $1,012,000
Brightline Cap Mgt BO Z Trim ZTHO JB* $470,000
O Bryant Allan VP Reinsurance Of Amer RGA B $423,085
Twin Haven SO Fd BO Hawaiian Telcom HCOM B $393,814
Eckert Thomas D DIR Chesapke Lodging Tr CHSP B $354,140
Sheridan Jerry E PR,CEO Amerigas Partners APU B $304,010
Mullins Eric D CEO,CB,DIR Lrr Energy LRE B $251,943
Anderson Brian P DIR Castle A M CAS B $247,723

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
TPG Advisors Vi DIR,BO Northern Tier NTI JS* $253,344,992
Thayer Equity Inv BO Roadrunner Trans RRTS JS* $71,631,000
Tagliaferri Megan BO Scripps Networks SNI S $6,504,736
Hinton Sidney PR,CEO,DIR Powersecure Intl POWR S $3,200,000
Foutch Randy A CB,CEO,DIR Laredo Petroleum LPI S $2,375,000
Gabelli Mario J DIR Gabelli Div & Inc GDV S $2,067,714
Tutor Ronald N CB,CEO,BO Tutor Perini TPC S $1,903,012
Levchin Max R DIR,BO YELP YELP AS $1,751,065
Ares Cp Op Fd DIR Exco Resources XCO S $1,134,947
Teichman Jason VP,SO Web Com WWWW S $1,088,584

Source: | Key to Insider Title and Trans Type Codes