business news
Stocks: Insiders Buy at Interval Leisure Group and Lehigh Gas Partners
By
Jonathan Moreland
May 21, 2014 10:27 am
Plus, purchases at Diversicare Healthcare Services and Capitala Finance.
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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:
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."
Notable Purchases:
- John Malloy, a director at wholesale motor fuel distributor Lehigh Gas Partners (NYSE:LGP), bought 41,384 shares of company stock for $1,112,986.
- Chad McCurdy, a director at long-term care services company Diversicare Healthcare Services (NASDAQ:DVCR), bought 78,300 shares of company stock for $485,274.
- Larry Carroll, a director at investment company Capitala Finance (NASDAQ:CPTA), bought 16,744 shares of company stock for $301,373, while fellow director Markham Broyhill bought 14,678 shares for $269,918.
- Jeanette Marbert, Executive Vice President and COO of membership and leisure services provider Interval Leisure Group (NASDAQ:IILG), bought 13,300 shares of company stock for $254,163.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
DIR
|
B
|
$1,112,986
|
|||
|
2
|
DIR,BO
|
B
|
$485,274
|
|||
|
3
|
DIR
|
B
|
$449,850
|
|||
|
4
|
BO
|
B
|
$423,254
|
|||
|
5
|
CEO
|
B
|
$371,976
|
|||
|
6
|
DIR
|
B
|
$301,373
|
|||
|
7
|
DIR
|
B
|
$269,918
|
|||
|
8
|
VP,COO
|
B
|
$254,163
|
|||
|
9
|
BO
|
B
|
$253,370
|
|||
|
10
|
VP,BO,DIR
|
B
|
$235,437
|
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
JS*
|
$307,878,016
|
|||
|
2
|
BO
|
S
|
$11,018,846
|
|||
|
3
|
CB,DIR,BO
|
S
|
$8,808,996
|
|||
|
4
|
CEO,DIR
|
AS
|
$4,008,750
|
|||
|
5
|
DIR
|
AS
|
$3,008,929
|
|||
|
6
|
PR,SO,OO
|
S
|
$1,968,150
|
|||
|
7
|
VP
|
AS
|
$1,104,000
|
|||
|
8
|
CEO,DIR
|
AS
|
$868,615
|
|||
|
9
|
CEO,DIR
|
S
|
$850,912
|
|||
|
10
|
VP,GC
|
S
|
$706,079
|
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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