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Insider Trades: Directors at Windstream and Apache Buy Shares, and Ross Stores Sees a Sale

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Plus, a purchase at Gain Capital.

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Welcome to our daily round-up of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, April 1, 2013.

Purchases: Samuel Beall, a Director of communications and technology solutions company Windstream (NASDAQ:WIN), bought 30,000 shares of company stock for $240,297. Windstream, the ninth largest telecommunications provider in the US, was formed in 2006 with the merger of Alltel and Valor and seeks to set itself apart by allowing more customization to subscribers than its big competition, AT&T (NYSE:T), Sprint (NYSE:S), and Verizon (NYSE:VZ), can allow. The company has missed earnings estimates five times in a row, since Q4 2011. Windstream will announce Q1 2013 earnings on May 6.

George Lawrence, a Director of Apache Corporation (NYSE:APA), bought 3,000 shares of company stock for the price of $228,000. Apache explores for, develops, and produces natural gas, crude oil, and natural gas liquids, with interests in the US, Canada, Egypt, Australia, Argentina, and offshore around the UK. The company's share price has decreased by 23.63% since this time last year.

Master Global Assets Ltd. purchased 43,665 shares of Gain Capital Holdings (NYSE:GCAP), for the price of $192,566. Gain Capital provides trading services and solutions to retail and institutional customers.

Sales: George Orban, a managing partner of private investment company Orban Partners and a Director of off-price retail apparel company Ross Stores (NASDAQ:ROST), sold 16,000 shares of company stock for $959,224. On March 27, Director Bjorkland K. Gunnar sold 34,890 shares for $2,094,202. On March 21 the company announced earnings for Q4 2012, meeting exactly the analyst estimate of $1.07 EPS and coming in with revenue of $2.76 billion versus the consensus estimate of $2.75 billion.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$799,704
2
DIR
B
$240,297
3
DIR
B
$228,000
4
BO
B
$192,566
5
DIR
JB*
$146,905
6
CEO,CB,BO
B
$125,453
7
DIR,BO
JB*
$125,000
8
PR,COO,DIR
JB*
$100,000
9
VP
JB*
$79,463
10
VP,CT
B
$58,422

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$39,999,956
2
DIR
N
AS
$3,810,190
3
PR,CEO,DIR
AS
$2,999,257
4
O
P
S
$1,050,000
5
CB,CEO,DIR
AS
$1,014,964
6
DIR
S
$959,224
7
DIR
S
$562,700
8
VP
S
$473,150
9
DIR
S
$458,084
10
VP,GC,SEC
AS
$442,088

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
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No positions in stocks mentioned.
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