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Insiders Buy Shares at Qualstar, MVB Financial, and The Zweig Fund

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Plus, Center Coast MLP & Infrastructure Fund also sees a purchase.

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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:
  • Stephen R. Brooks, a director at bank holding company MVB Financial Corp (OTCMKTS:MVBF), bought 3,125 shares of company stock for $100,000.
  • William W. Bauch, CFO and Treasurer of non-diversified, closed-end management investment company Center Coast MLP & Infrastructure Fund (NYSE:CEN), bought 2,500 shares of company stock for $45,050.
  • David Dickerson, Vice President of closed-end, diversified management investment company The Zweig Fund (NYSE:ZF), bought 2,600 shares of company stock for $38,636.
  • BKF Capital (OTCMKTS:BKFG) bought 85,698 shares of Qualstar (NASDAQ:QBAK), which designs, develops, manufactures, and sells automated magnetic tape libraries used to store, retrieve, and manage electronic data, for $98,901.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JB*
$1,249,838
2
DIR
JB*
$100,000
3
BO
B
$98,901
4
TT,DIR
B
$48,938
5
TR
B
$45,050
6
VP
B
$38,636
7
TT
B
$37,452
8
O
B
$36,180
9
DIR
B
$35,374
10
DIR
B
$33,636

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*
$53,079,512
2
BO
JS*
$39,809,632
3
DIR
S
$9,541,271
4
DIR
AS
$5,757,500
5
CB,CEO
S
$2,610,290
6
DIR
AS
$1,574,919
7
VP,CFO
S
$1,371,369
8
CEO,PR,DIR
JS*
$1,249,838
9
CTO,DIR
AS
$1,141,500
10
CEO,DIR,BO
AS
$953,322

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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