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Insider Trading: Two Buys at Restoration Hardware, More Selling at RetailMeNot

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Plus, purchases at Nexpoint Credit Strategies Fund and Atlantic Coast Financial Corp.

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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 139,867 shares of company stock for $1,269,992.
  • Thomas Mottola, a director at home furnishings merchant Restoration Hardware (NYSE:RH), bought 15,400 shares of company stock for $1,000,538. Mark Demilio, also a director of the company, bought 7,875 shares of Restoration Hardware for $497,900.
  • Jay Sidhu, a director at Atlantic Coast Financial Corp (NASDAQ:ACFC) bought 80,000 shares of company stock for $300,000.
Notable Sale:
  • RetailMeNot (NASDAQ:SALE) saw two major insider sales: AV Partners IX sold 1,511,650 shares for $39,302,900 while director Charles Thomas Ball sold 755,825 shares for $19,651,450.
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
DIR
JB*
$4,834,039
3
O
JB*
$1,269,992
4
DIR
B
$1,000,538
5
BO
JB*
$612,000
6
DIR
JB*
$600,000
7
DIR,BO
B
$555,528
8
DIR
B
$497,900
9
DIR
B
$300,000
10
DIR
B
$250,263

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JS*
$54,517,180
2
BO
JS*
$39,302,900
3
BO
JS*
$21,085,542
4
DIR,BO
JS*
$19,651,450
5
COO,DIR
AS
$15,481,216
6
VP
AS
$8,250,000
7
BO
S
$6,681,338
8
CEO,PR,DIR
AS
$5,941,418
9
CEO,DIR
S
$4,890,210
10
DIR
S
$4,107,034

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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