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Top Insider Trades: Limited Brands CEO Sells Company Shares, RGM Capital Increases Stake in Support.com

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Plus, purchases at Esterline Tech and Calamos.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, April 15, 2013.

Purchases: Henry Winship, a Director of aerospace and defense manufacturing company Esterline Technologies Corp. (NYSE:ESL), bought 28,000 shares of company stock for $2,111,500. The company operates in three segments: Avionics and Controls, Sensors and Systems, and Advanced Materials, which include thermally engineered components, specialized elastomers, and other complex materials. The company's stock price is up 14.86% year-to-date.

At publicly owned investment manager Calamos Asset Management (NASDAQ:CLMS), Chairman and CEO John Calamos bought 47,102 shares of company stock for $517,77, increasing his total holdings to 1,145,116 shares, worth $12,687,885 at the current stock price of $11.08, which is up 4.64% year-to-date, though it is down 15.12% since this time last year. Last week the stock saw two analyst downgrades, with KBW and Keefe, Bruyette & Woods lowering it from "market perform" to "underperform."

The Florida-based hedge fund RGM Capital bought 100,000 shares of Support.com, Inc. (NASDAQ:SPRT) stock for $397,820. The company is a leading provider of cloud technology software and services designed to create new revenue streams for clients. Last Tuesday, it announced the release of Cosmos 3.0, the newest iteration of its all-inclusive care application for Microsoft (NASDAQ:MSFT) Windows. The company's stock is down 7.67% year-to-date, but has gained a full 32.3% since this time last year.

Sales: Leslie Wexner, the Chairman and CEO of specialty retailer Limited Brands, Inc. (NYSE:LTD) sold 1,500,000 shares of company stock for $73,980,000. The company, which has also announced a temporary name change L. Brands, operates Victoria's Secret and Bath & Body Works, and has spun off many other specialty retailers, including Abercrombie & Fitch (NYSE:ANF) and The Limited. On April 11, Limited Brands released March 2013 sales numbers, reporting a sales increase of 3% for the five weeks ending with April 6, 2013, compared to the five weeks ended April 7, 2012. In the last month, the company's stock price has increased by 8.23%.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$2,111,500
2
CB,CEO,BO
B
$517,771
3
BO
B
$397,820
4
DIR
B
$319,057
5
BO
B
$115,511
6
PR,COO
B
$81,000
7
VP
B
$64,800
8
VP
B
$64,250
9
VP,FO,BO
B
$59,622
10
BO
B
$59,251

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

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$407,396,608
2
CB,CEO,BO
S
$73,980,000
3
BO
S
$3,066,432
4
PR,CEO,DIR
AS
$2,631,030
5
DIR,BO
S
$1,151,362
6
DIR
AS
$1,046,820
7
BO
S,JS*
$965,027
8
CFO
S
$822,360
9
PR,CEO,DIR
AS
$770,525
10
VP,SO
AS
$629,400

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."

Follow me on Twitter: @JoshWolonick and @Minyanville
No positions in stocks mentioned.
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