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Top Insider Trades 3/5/14: IESC, SLRC, LQDT, UIHC

|Includes: Integrated Electrical Services, Inc. (IESC), LQDT, SLRC, UIHC

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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, March 5, 2014 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
Sanofi BO Regeneron Pharm REGN B $85,070,120
Gendell Jeffrey L BO Integrated Electrical IESC B $2,110,160
Jain Vivek CB,CEO Icu Medical ICUI B $1,762,500
Gross Michael S DIR Solar Capital SLRC B $1,759,431
Targoff Joshua L DIR Third Point Re TPRE JB* $603,428
Mateus Tique J DIR Liquidity Services LQDT JB*,B $507,480
Highland Capital O Nexpoint Cr St Fd NHF B $462,781
Gross Michael S DIR Solar Sr Capital SUNS B $384,044
Hudson Sherrill W DIR United Insurance UIHC JB* $375,006
Hamilton James A VP,SO Cyan CYNI B $335,000

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Brin Sergey F,DIR,BO Google GOOG AS $101,145,072
Mulligan Seamus DIR Jazz Pharm JAZZ JS* $85,937,504
Tvm V Life Science BO Enanta Pharm ENTA S $17,053,134
Collins Cooper C O Pernix Therapeutics PTX JS*,AS $12,223,770
Balmuth Michael VCB,CEO Ross Stores ROST S $10,854,182
Sanchez Antonio DIR,BO Intl Bancshares IBOC JS* $5,754,807
Cornelius James DIR Bristol Myers BMY S $5,582,000
Drant Ryan D BO Tableau Software DATA JS*,S $5,540,821
Barris Peter J BO Tableau Software DATA S $3,914,087
Foster Paul L CB,DIR,BO Western Refining WNR AS $3,599,271

Source: | Key to Insider Title and Trans Type Codes