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Insiders Buy Shares at Western Refining Logistics and Acorn Energy

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Plus, purchases at Ares Dynamic Credit Allocation Fund and Network-1 Security Solutions.

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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:
  • At Western Refining Logistics LP (NYSE:WNRL), which specializes in the terminalling, transportation, and storage of petroleum products, director Jeff Stevens bought 502,500 shares of company stock for $11,055,000 while director Paul Foster bought 250,000 shares of company stock for $5,500,000.
  • Ares Capital Management II bought 22,500 shares of non-diversified, closed-end management investment company Ares Dynamic Credit Allocation Fund (NYSE:ARDC) for $407,405. Ares Capital Management II, an affiliate of Ares Management LLC, serves as the fund's investment advisor.
  • Steven Heinemann, a beneficial owner of Network-1 Security Solutions (OTCBB:NSSI), bought 197,400 shares of company stock for $337,534. Network-1 specializes in the acquisition, development, licensing, and protection of intellectual property rights of various telecommunications and data networking technologies.
  • Mannie Jackson, a director at energy infrastructure asset management company Acorn Energy (NASDAQ:ACFN), bought 80,000 shares of company stock for $228,000.
For more insider trading, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$11,055,000
2
DIR
JB*
$5,500,000
3
DIR
JB*
$815,280
4
DIR
JB*
$750,000
5
PR,DIR
JB*
$600,000
6
DIR,BO
B
$531,084
7
DIR
JB*
$439,745
8
O
B
$407,405
9
BO
B
$337,534
10
DIR
JB*
$228,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
$7,789,960
2
BO
S
$6,364,082
3
DIR,BO
S
$3,434,943
4
BO
K
AS
$2,470,500
5
BO
AS
$2,287,116
6
DIR,BO
S
$1,717,487
7
DIR
S
$1,594,000
8
VP,BD
AS
$1,533,955
9
CB,PR,DIR
AS
$1,225,390
10
DIR
AS
$1,016,180

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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