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Top Insider Trades 4/29/14: TWI, ARP, CLFD, NMFC

|Includes: ARP, CLFD, NMFC, Titan International Inc. (TWI)

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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 Tuesday, April 29, 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
Rachesky Mark BO Titan Intl TWI B $13,854,426
Spo Advisory BO Equinix EQIX B $13,374,182
Robinson John W VP,PR,CEO Aarons AAN B $1,447,955
George Whitney FO,DIR,BO Royce Focus Tr FUND JB* $801,748
Cooperman Leon BO Atlas Resource ARP B $443,848
Roth Ronald G CB,DIR Clearfield CLFD B $223,350
Hamwee Robert CEO,PR,DIR New Mountain Fin NMFC B $214,692
Hayssen Charles N DIR Clearfield CLFD B $152,500
Nerges Joseph R BO Ikonics IKNX B $117,577
Gehman William VP,CFO Carolina Financial CARO B $112,625

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Lilly Endowment BO Lilly Eli LLY S $8,796,000
Rive Lyndon R CEO,DIR Solarcity SCTY AS $8,360,688
Franklin Resources BO Dynegy DYN S $5,320,038
Trinad Capital BO Mandalay Digital MNDL S $2,880,000
Fetter Trevor CEO,PR,DIR Tenet Healthcare THC AS $2,598,075
Carlino Peter M DIR Penn Natl Gaming PENN S $1,731,960
Sanders Wayne R DIR Dr Pepper Snapple DPS S $1,650,186
Carter Norman K BO Acadia Healthcare ACHC S $1,252,037
Levine Andrew S LO,GC Sl Green Realty SLG S $1,032,800
Moglia Joseph H DIR Td Ameritrade AMTD S $880,038

Source: | Key to Insider Title and Trans Type Codes