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In Insider Trading, Phillip Frost Buys More Opko Stock and Threshold Pharmaceuticals Sees a Sale

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Plus, there were purchases at Fifth Street Senior Floating Rate Corp and Royce Focus Trust.

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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 Tuesday, July 16, 2013.

Notable Purchases:
  • Leonard Tannenbaum, the CEO of Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR), bought 46,110 shares of company stock for $662,204.
  • Phillip Frost, the Chairman and CEO of multi-national pharmaceuticals and diagnostics company Opko Health (NYSE:OPK), bought 36,100 shares of company stock for $266,628.
  • Whitney George, the Portfolio Manager of the long-term capital appreciation focused investment fund Royce Focus Trust (NASDAQ:FUND), bought 13,851 shares of company stock for $99,450.
Notable Sales:
  • Wilfred Jaeger, a Director of Threshold Pharmaceuticals (NASDAQ:THLD), sold 322,000 shares of company stock for $1,781,685.
For more insider trading, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$2,000,000
2
DIR,BO
JB*
$750,000
3
CEO,DIR
B
$662,204
4
CEO,CB,BO
B
$266,628
5
FO,DIR,BO
JB*
$99,450
6
BO
B
$80,178
7
VP
B
$68,950
8
VP,DIR
JB*
$68,252
9
CB,PR,CEO
AB
$60,500
10
DIR
AB
$36,583

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*
$6,541,292
2
CEO,PR,CB
AS
$3,732,888
3
DIR
S
$1,781,685
4
BO
S
$1,306,689
5
CEO,DIR,BO
AS
$1,296,160
6
VP
S
$1,281,630
7
DIR
AS
$1,271,216
8
CFO,VP
AS
$1,061,400
9
BO
AS
$992,391
10
PR,CEO,DIR
AS
$972,695

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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