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.

Insiders Buy Shares at 3M and United Insurance While Barnes & Noble's CEO Sells Stock

By

Plus, there was a purchase at Natural Resource Partners.

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 Monday, August 26, 2013.

Notable Purchases:
  • James Farrell, a Director of diversified technology company 3M (NYSE:MMM), bought 6,625 shares of company stock for $757,940.
  • Corbin Robertson, the Chairman and CEO of mineral properties managing and leasing company Natural Resource Partners (NYSE:NRP), bought 2,000 shares of company stock for $245,335.
  • Deepak Menon, the Vice President of Operations and Business Development at United Insurance (NASDAQ:UIHC), bought 28,000 shares of company stock for $221,200.
Notable Sale:
  • Mitchell Klipper, the CEO of bookseller Barnes & Noble (NYSE:BKS), sold 400,000 shares of company stock for $5,718,188.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
B
$9,307,036
2
PR,DIR,BO
JB*
$1,190,000
3
DIR
B
$757,940
4
DIR,BO
B
$519,744
5
BO
JB*
$500,000
6
CB,CEO,BO
B
$245,335
7
VP,OO,BD
B
$221,200
8
DIR
B
$191,500
9
DIR
B
$188,725
10
DIR
B
$185,552

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CB,DIR
AS
$69,762,232
2
DIR
S
$13,141,600
3
CFO
AS
$8,000,000
4
COO,DIR
AS
$6,797,749
5
CEO
S
$5,718,188
6
DIR
S
$5,377,615
7
DIR
S
$3,683,699
8
CB,CEO
S
$3,116,126
9
BO
S
$2,873,327
10
DIR
AS
$2,604,765

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."
< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE