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Insiders Buy at Aircastle and Halozyme While Orbitz Worldwide Sees a Major Sale

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Plus, a purchase of Silver Bay Realty Trust Corp.

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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 Wednesday, August 14, 2013.

Notable Purchases:
  • The Japanese trading company Marubeni Corporation (OCTMKTS:MARUY) bought 60,000 shares of Aircastle (NYSE:AYR), which acquires, leases, and sells high-utility commercial jets worldwide, for $1,012,038.
  • Kathryn Falberg, a Director of biopharmaceutical company Halozyme Therapeutics (NASDAQ:HALO), bought 100,000 shares of company stock for $681,645.
  • Irvin Kessler, a Director of Silver Bay Realty Trust Corp (NYSE:SBY), which specializes in buying, renting, and selling single-family homes, bought 41,500 shares of company stock for $647,100.
Notable Sales:
  • The hedge fund limited partnership Par Investment Partners L.P. sold 8,105,094 shares of online travel company Orbitz Worldwide (NYSE:OWW) stock for $80,048,520.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$3,899,932
2
DIR,BO
B
$1,012,038
3
VP,BD
JB*
$1,000,000
4
PT,DIR
B
$886,540
5
DIR
B
$681,645
6
DIR
B
$647,100
7
BO
B
$591,530
8
DIR
B
$502,313
9
DIR
B
$418,772
10
DIR
B
$414,790

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$252,035,440
2
BO
JS*
$252,035,440
3
BO
JS*
$80,048,520
4
BO
JS*
$33,867,288
5
CEO,DIR,BO
AS
$18,174,572
6
PR,DIR
AS
$13,747,009
7
BO
S
$9,991,820
8
BO
S
$7,584,930
9
BO
S
$4,128,989
10
CB,DIR
S
$3,290,219

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."
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No positions in stocks mentioned.
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