Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

In Insider Trading, a Purchase at VeriFone Systems Inc and Brown-Forman Sees a Sale

By

Plus, there were stock buys at Royce Focus Trust and Endurance Specialty Holdings.

PrintPRINT
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 Friday, July 12, 2013.

Notable Purchases:
  • Jeffrey Stiefler, a Director of secure electronic payment solutions company VeriFone Systems (NYSE:PAY), bought 27,900 shares of company stock for $499,131.
  • Whitney George, the Portfolio Manager of the long-term capital appreciation focused investment fund Royce Focus Trust (NASDAQ:FUND), bought 28,092 shares of company stock for $200,015.
  • John Charman, the Chairman and CEO of holding company Endurance Specialty Holdings (NYSE:ENH), bought 3,090 shares of company stock for $161,329.
Notable Sales:
  • Laura Frazier sold 134,412 shares of alcoholic beverage company Brown-Forman Corporation (NYSE:BF.B) for $9,640,886.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$499,131
2
FO,DIR,BO
B
$200,015
3
CB,CEO,DIR
B
$161,329
4
BO
B
$145,361
5
VP,DIR
JB*
$73,800
6
DIR,BO
JB*
$70,000
7
BO
JB*,B
$52,559
8
CIO
B
$43,320
9
DIR
JB*
$42,500
10
CB,DIR
B
$33,422

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S,JS*
$68,724,362
2
BO
S
$9,640,886
3
BO
S
$7,797,685
4
O
V
AS
$4,795,458
5
CEO,PR,CB
AS
$3,827,386
6
BO
S
$2,227,061
7
BO
S
$2,059,521
8
VP
AS
$1,541,024
9
COO,DIR
AS
$1,277,841
10
CEO,PR,DIR
S
$1,169,369

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.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE