Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Top Insider Trades 12/20/13: RH, NHF, SALE, ACFC

|Includes: ACFC, NHF, RH (RH), SALE

Daily Top Insider Trades Instablog

  • Did you know? You could have seen the trades below within hours of being filed. If you want more Top Trades emailed 4 times a day, sign up for our Free Intra-Day Top Trades Alerts.

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 Friday, December 20, 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
Camellia Partners BO Cig Wireless CIGW JB* $6,000,000
Choudhrie Bhanu DIR Atlantic Coast Finl ACFC JB* $4,834,039
Dondero James D O Nexpoint Cr St Fd NHF JB* $1,269,992
Mottola Thomas D DIR Restoration Hard RH B $1,000,538
Feinberg Larry N BO Biolase BIOL JB* $612,000
White Daniel J DIR First Citizens Banc FCZA JB* $600,000
Marubeni DIR,BO Aircastle AYR B $555,528
Demilio Mark S DIR Restoration Hard RH B $497,900
Sidhu Jay S DIR Atlantic Coast Finl ACFC B $300,000
Dammeyer R F DIR Invesco Mu Inc Op Tr OIA B $250,263

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Jones Adrian M DIR Dollar General DG JS* $54,517,180
Av Partners IX BO Retailmenot SALE JS* $39,302,900
Providence Equity BO CDW CDW JS* $21,085,542
Ball Charles Thomas DIR,BO Retailmenot SALE JS* $19,651,450
Sandberg Sheryl COO,DIR Facebook FB AS $15,481,216
Arora Nikesh VP Google GOOG AS $8,250,000
Welsh Carson BO Select Medical SEM S $6,681,338
Ryu Marcus CEO,PR,DIR Guidewire Software GWRE AS $5,941,418
Lorber Howard M CEO,DIR Vector VGR S $4,890,210
Sams William M DIR Americas Carmart CRMT S $4,107,034

Source: | Key to Insider Title and Trans Type Codes