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Top Insider Trades 6/18/14: ACHN, CPTA, RSG, FIVE

|Includes: Achillion Pharmaceuticals, Inc. (ACHN), CPTA, FIVE, RSG

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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, June 18, 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
Cascade Inv BO Republic Services RSG B $18,369,676
Broadwood Part DIR,BO Biotime BTX JB* $2,500,000
Kellogg Peter R BO Mercer Intl MERC B $784,880
Broyhill Markham DIR Capitala Finance CPTA B $500,858
Vizirgianakis Stavros DIR Misonix MSON JB* $396,201
Briscoe John H VP,CFO Bristow BRS B $307,800
Montpelier Re BO Blue Capital Re BCRH B $242,142
Naughton Timothy J DIR Health Care Reit HCN B $149,608
Kapoor John N DIR,BO Insys Therapeutics INSY B $130,626
Chapman H Paul DIR Capitala Finance CPTA B $93,400

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Blackstone II BO Pbf Energy PBF JS* $451,942,336
Energy Transfer LP BO Amerigas Partners APU JS* $377,400,000
First Reserve Gp BO Pbf Energy PBF JS* $83,557,664
Qvt Assoc Gp BO Achillion Pharm ACHN S $14,019,585
Vellios Thomas CEO,DIR Five Below FIVE AS $3,660,170
Boyd Jeffery H DIR Priceline PCLN AS $3,592,105
Benioff Marc CB,CEO Salesforce Com CRM AS $3,356,175
Stata Ray DIR Analog Devices ADI S $2,783,250
Armenante Mark DIR,BO Veeva Systems VEEV AS $2,612,727
Sohn Young A DIR,BO Veeva Systems VEEV AS $2,433,001

Source: | Key to Insider Title and Trans Type Codes