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Stocks: Bill Gross Buys Shares of a Pimco Fund, Tim Armstrong Buys AOL

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Plus, purchases at two home health-care companies, Amedisys and Almost Family.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.

Notable Purchases:
  • The employee-owned hedge fund sponsor North Tide Capital bought 500,000 shares of home health-care company Amedisys (NASDAQ:AMED) for $6,952,480.
  • Bill Gross, cofounder of Pimco, bought 116,832 shares of the nondiversified, closed-end management investment company Pimco Dynamic Income Fund (NYSE:PDI) for $3,826,704.
  • Timothy Armstrong, chairman and CEO of global Web services company AOL (NYSE:AOL), bought 55,600 shares of company stock for $2,006,126.
  • North Tide Capital, making a second appearance on today's list for purchases, bought 53,100 shares of home health services company Almost Family (NASDAQ:AFAM) for $1,126,032.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
O
B
$7,488,927
2
BO
B
$6,952,480
3
O
B
$3,826,704
4
CB,CEO
B
$2,006,126
5
BO
B
$1,126,032
6
O
B
$929,875
7
DIR,BO
JB*
$730,500
8
CEO,CB,BO
B
$595,971
9
BO
B
$522,602
10
DIR
B
$499,931

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$218,339,504
2
BO
JS*
$218,339,472
3
BO
S
$53,536,296
4
DIR
S
$11,691,775
5
DIR,BO
S
$6,265,470
6
BO
S
$5,119,474
7
CEO,DIR
S
$3,841,100
8
DIR
S
$2,566,514
9
VP
S
$2,343,851
10
DIR
S
$2,205,591

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are 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.

At InsiderInsights.com, 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.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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