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Top Insider Trades 9/16/13: HD, PBF, ARRY, GBDC

|Includes: ARRY, GBDC, Home Depot, Inc. (HD), PBF

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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, September 16, 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
Softbank BO Sprint S AB $39,987,332
Boniuk Milton DIR Nanoviricides NNVC JB* $2,999,997
Littlefair Andrew J CEO,PR,DIR Clean Energy Fuels CLNE B $1,611,274
Vadon Mark C DIR Home Depot HD B $752,000
O Malley Thomas CB,DIR Pbf Energy PBF B $731,846
Marubeni DIR,BO Aircastle AYR B $523,665
Moore Dan T Iii DIR Park Ohio PKOH B $249,819
Webster William DIR Golub Capital Bdc GBDC JB* $169,500
Chestnut E Randall PR,CEO,DIR Crown Crafts CRWS AB $167,990
Murray Michael J DIR Mattersight MATR B $160,858

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Ratcliffe Liam DIR Array Biopharma ARRY S,JS* $10,168,437
Brown Donald E CB,CEO,BO Interactive Intel ININ S $5,662,631
Doerr L John DIR Google GOOG AS $4,166,965
Coit David M DIR Tangoe TNGO S $3,769,810
Wilhelm Matthew BO FXCM FXCM S $3,159,651
Walter W Edward PR,CEO,DIR Host Hotels HST S $2,273,290
Chabraja Nicholas DIR General Dynamics GD S $2,164,188
Rabois Keith DIR XOOM XOOM JS* $1,586,000
Paliwal Dinesh C CB,PR,CEO Harman Intl HAR S $1,523,296
Abji Minaz VP Host Hotels HST S $1,350,450

Source: | Key to Insider Title and Trans Type Codes