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Stocks: Insiders Buy at Bank of the Ozarks, Aegerion Pharmaceuticals, and Global Partners

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Plus, a purchase at Nexpoint Credit Strategies Fund.

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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:
  • James Dondero, portfolio manager of non-diversified, closed-end management investment company Nexpoint Credit Strategies Fund (NYSE:NHF), bought 114,174 shares of company stock for $1,323,277.
  • Richard Cisne, a director at the bank holding company Bank of the Ozarks (NASDAQ:OZRK), bought 10,025 shares of company stock for $584,822.
  • Marc Beer, CEO of biopharmaceutical company Aegerion Pharmaceuticals (NASDAQ:AEGR), bought 10,000 shares of company stock for $315,900.
  • Global GP LLC bought 4,500 shares of petroleum products company Global Partners (NYSE:GLP) for $183,105. Global GP serves as a general partner of Global Partners.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$6,000,000
2
CB,CEO
B
$3,369,450
3
BO
B
$1,942,145
4
O
JB*
$1,323,277
5
DIR
B
$584,822
6
CEO,DIR
B
$315,900
7
CEO
B
$281,918
8
BO
JB*
$266,501
9
PT,DIR
B
$183,105
10
CEO,PR,DIR
B
$163,772

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$74,481,912
2
BO
S
$12,590,913
3
DIR
S
$7,723,543
4
BO
S
$6,217,606
5
DIR,BO
JS*
$5,182,912
6
BO
JS*
$4,800,000
7
DIR
AS
$4,100,449
8
O
S
$3,109,715
9
CEO,CB,DIR
S
$2,579,000
10
CB,CEO,DIR
S
$1,710,000

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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