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Top Insider Trades 3/13/14: MDCA, NS, LQDT, SCM

|Includes: LQDT, MDC Partners Inc. (MDCA), NS, SCM

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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, March 13, 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
Greehey William DIR,BO Nustar Gp NSH B $2,035,855
Greehey William DIR Nustar Energy NS B $1,845,275
Nadal Miles CB,CEO,BO MDC Partners MDCA B $636,500
Mateus Tique J DIR Liquidity Services LQDT B $523,700
McAdoo Zachary CB,PR,DIR Radioio RDIO JB* $250,000
Pollett William CEO,DIR Blue Capital Re BCRH B $248,953
Sabatino Michael VP,CAO MDC Partners MDCA B $214,800
Pustil Stephen VCB,DIR MDC Partners MDCA B $213,600
Davis Joshua T DIR Stellus Capital SCM B $204,201
Sandhu Parm DIR Cent Euro Media CETV B $193,765

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Welsh Carson BO Select Medical SEM JS* $209,607,264
Norwest Venture BO Fireeye FEYE S $159,733,264
Madison Dearborn BO CDW CDW JS* $147,263,888
Providence Equity BO CDW CDW JS* $130,203,336
Est of R P Scripps BO Scripps Networks SNI S $22,827,796
Page Lawrence CEO,DIR,BO Google GOOG AS $19,997,662
Shmunis Vladimir CEO,CB,BO Ringcentral RNG JS* $12,696,856
Wcas Capital Iv BO Select Medical SEM JS* $9,392,735
Romersa Michael BO FXCM FXCM S $8,796,657
Hower Robert DIR Channeladvisor ECOM S $7,616,647

Source: | Key to Insider Title and Trans Type Codes