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In Insider Trading, Blackstone Sells Majority of SeaWorld Shares

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Plus, purchases at Valeant Pharmaceuticals International, Horizon Pharma, and LNB Bancorp.

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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:
  • Michael Pearson, CEO of multinational, specialty pharmaceutical company Valeant Pharmaceuticals International (NYSE:VRX), bought 184,247 shares of company stock for $14,999,548.
  • Jeffrey Bird, a director at the biopharmaceutical company Horizon Pharma (NASDAQ:HZNP), bought 668,673 shares of company stock for $4,346,375.
  • Frederick Disanto, a director at diversified banking services company LNB Bancorp (NASDAQ:LNBB), bought 50,000 shares of company stock for $515,000.
Notable Sale:
  • Blackstone Holdings III, a subsidiary of The Blackstone Group (NYSE:BX), sold 19,500,000 shares of theme park and entertainment company SeaWorld Entertainment (NYSE:SEAS) for $563,062,516. Another Blackstone subsidiary, Blackstone Capital Partners, sold 17,000,000 shares of Pinnacle Foods Inc (NYSE:PF) for $437,697,312.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CEO
JB*
$14,999,548
2
DIR,BO
B
$7,047,910
3
BO
JB*
$4,994,241
4
DIR
B
$4,346,375
5
DIR
B
$992,816
6
DIR,BO
B
$552,867
7
DIR
B
$535,010
8
DIR
B,JB*
$515,000
9
DIR
B
$456,615
10
BO
B
$311,062

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$563,062,516
2
BO
JS*
$437,697,312
3
BO
JS*
$191,625,824
4
BO
JS*
$187,106,720
5
DIR,BO
JS*
$117,885,000
6
DIR,BO
S
$15,416,520
7
MD,DIR,BO
AS
$6,774,237
8
VP
S
$5,092,331
9
CB,CEO
S
$4,998,408
10
DIR
AS
$4,520,550

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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