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Stocks: Insiders Buy at Opko and Versartis and Sell at Kosmos Energy

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Plus, a purchase at Oxbridge Re Holdings.

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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:
  • Raymond Cabillot, a director at reinsurance business solutions provider Oxbridge Re Holdings (NASDAQ:OXBRU), bought 412,625 shares of company stock for $2,475,750. Another director at the company, Allan Martin, bought 204,000 shares of company stock for $1,224,000.
  • The technology focused venture capital firm New Leaf Ventures bought 60,000 shares of endocrine-focused biopharmaceutical company Versartis (NASDAQ:VSAR) for $1,261,200.
  • Phillip Frost, Chairman and CEO of multinational biopharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 26,800 shares of company stock for $241,556.
Notable Sale:
  • Brian Maxted, a director at oil exploration and production company Kosmos Energy (NYSE:KOS), bought 128,027 shares of company stock for $1,421,100.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$2,475,750
2
DIR,BO
JB*
$1,261,200
3
DIR
JB*
$1,224,000
4
DIR
JB*
$1,136,392
5
CB,CEO
B
$688,790
6
DIR,BO
B
$568,011
7
DIR
B
$344,395
8
BO
B
$311,982
9
CEO,CB,BO
B
$241,556
10
DIR
B
$101,540

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*
$380,849,984
2
BO
Q
JS*
$179,310,832
3
BO
Q
S
$28,711,012
4
BO
JS*
$8,153,339
5
CEO,DIR,BO
S
$6,576,907
6
PR,SEC,DIR
S
$2,366,836
7
CEO,DIR,BO
AS
$1,681,476
8
DIR
S
$1,441,872
9
DIR
AS
$1,421,100
10
DIR
AS
$1,291,458

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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