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Insiders Buy Shares at Kinder Morgan and Halcon While Yelp Sees Two Sales

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Plus, there were purchases at Kayne Anderson Energy Total Return Fund and Gray Television.

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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 Monday, August 12, 2013.

Notable Purchases:
  • Mutual life insurance company Massachusetts Mutual Life, a Beneficial Owner of non-diversified, closed-end fund Kayne Anderson Energy Total Return Fund (NYSE:KYE), bought 34,800,000 shares of company stock for $34,800,000.
  • The Canada Pension Plan Investment Board bought 5,185,553 shares of the onshore oil and natural gas company Halcon Resources (NYSE:HK) for $26,446,320.
  • Fayez Sarofim, a Director of energy transportation and storage company Kinder Morgan (NYSE:KMI), bought 400,000 shares of company stock for $15,071,889.
  • J. Mack Robinson, a Beneficial Owner and former CEO of Gray Television (NYSE:GTN), bought 492,212 shares of company stock for $3,937,696.
Notable Sales:
  • At the online, city guide and social media company Yelp (NYSE:YELP), Director Deer Vi & Co. LLC sold 1,739,625 shares of company stock for $89,764,800. while Beneficial Owner Elevation Partners sold 554,457 shares for $28,890,797.

For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$34,800,000
2
BO
B
$26,446,320
3
DIR
B
$15,071,889
4
BO
B
$3,937,696
5
BO
B
$800,468
6
CEO,DIR
B
$681,161
7
BO
B
$655,529
8
CEO,DIR
B
$603,502
9
VP
B
$453,197
10
BO
B
$426,166

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
DIR
S
$89,764,800
2
BO
S
$28,655,785
3
BO
S
$25,890,797
4
CEO,DIR,BO
AS
$18,436,706
5
CB,DIR,BO
S
$13,053,763
6
DIR
JS*,AS
$10,952,992
7
TT
S
$7,083,342
8
DIR
S
$6,555,509
9
BO
S
$5,076,869
10
BO
S
$4,969,109

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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