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Stocks: Insiders Buy at Harbinger, Agco, and Spark Networks

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Plus, a purchase at Destination XL Group.

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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:
  • The diversified holding company Leucadia National (NYSE:LUK) bought 23,000,000 shares of branded consumer products company Harbinger (NYSE:HRG) for $253,000,000.
  • Mallika Srinivasan, a director at agricultural equipment company Agco (NYSE:AGCO), bought 155,592 shares of company stock for $8,081,449.
  • Willem Mesdaq, a director at big and tall men's apparel retailer Destination XL Group (NASDAQ:DXLG), bought 1,086,200 shares of company stock for $5,976,941.
  • The Omaha, Nebraska-based financial investment advisory firm 402 Capital bought 112,561 shares of online personals services provider Spark Networks (NYSEMKT:LOV) for $556,746.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$253,000,000
2
DIR
AB
$8,081,449
3
DIR,BO
B
$5,976,941
4
CEO,DIR
B
$1,230,890
5
BO
JB*
$1,009,500
6
BO
B
$556,746
7
BO
JB*
$500,000
8
CB,PR,BO
JB*
$200,000
9
DIR
B
$186,803
10
DIR
B
$150,584

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
Q
JS*
$180,078,256
2
DIR,BO
JS*
$113,094,864
3
DIR
JS*
$101,720,000
4
BO
JS*
$90,990,000
5
BO
S
$21,699,498
6
COO,DIR
AS
$19,110,528
7
DIR
AS
$10,000,027
8
CEO,CB,BO
AS
$6,399,469
9
DIR
S
$5,470,500
10
DIR
S
$4,664,480

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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